ADB makes a case for "inclusive growth"

Income inequality needs to be tackled for Asia to realise its full potential, ADB assistant chief economist Juzhong Zhuang tells FinanceAsia.

While economic growth in developing Asia has been astonishing in recent years, it has been accompanied by growing income inequality. This is the starting point of a recent study by leading Asian Development Bank economists Juzhong Zhuang and Ifzal Ali.

Their observations and proposals are set out in a new book, Poverty, Inequality, and Inclusive Growth Measurement, Policy Issues, and Country Studies ADB and Anthem Press, which will be published on July 8.

There has been remarkable economic growth within many Asian countries during the past three decades, notably in China and more recently India. This has led to reductions in extreme poverty, but has also created greater inequality, Zhuang told FinanceAsia....

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222