Inequality in Asia

In: Uncategorized

22 Aug 2007

The Asian Development Bank (ADB) has published a special report on inequality in Asia. It argues that general trend has been for inequality to widen but overall living standards have improved too.:

“The overall pattern that therefore emerges is one where a majority of developing Asian countries have seen increases in inequality …. By and large, however, increases in inequality are not a story of the ‘rich getting richer and the poor getting poorer’. Rather it is the rich getting richer faster than the poor.”

Overall inequality levels remain lower than Latin America and sub-Saharan Africa.

Material from the report is available on the ADB site.

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