Asia is taking an ever bigger role on the global stage. However, income disparity between countries — or even within one country — is still on the rise. What specifically needs to be done to reduce poverty in the region? Matthew Hulbert provides his perspective | | | When Asian leaders gathered in London in early March 2006 to discuss regional development under the title “Asia 2015,” the famous dictum issued by Mao in 1958, which set China’s goal to “surpass Britain and catch up with America” — was ringing loud in many Western years. As well it might, given that China’s economy is already overtaking the United Kingdom. And by 2040, will be larger than the United States, according to Goldman Sachs. India, for its part is set to outstrip the Japanese economy by 2032. In total, Asia not only accounts for 40% of the world’s population, but garners a fifth of global production. Poverty stricken The exponential growth of the Asian economy is not the whole story, of course. For all its succes...
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