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Inequality in Asia and the Pacific by Ravi Kanbur,Changyong Rhee,Juzhong Zhuang Pdf
Asia’s rapid economic growth has led to a significant reduction in extreme poverty, but accompanied by rising inequality. This book deals with three questions: What have been the trends of inequality in Asia and the Pacific? What are the key drivers of rising inequality in the region? How should Asian countries respond to the rising inequality? Technological change, globalization, and market-oriented reform have been the key drivers of Asia’s remarkable growth and poverty reduction, but they have also had significant distribution consequences. These three drivers of growth cannot be hindered because they are the sources of productivity improvement and betterment of quality of life. This book will be useful to those interested in policy options that could be deployed by Asian countries in confronting rising inequality.
Demystifying Rising Inequality in Asia by Bihong Huang,Peter J. Morgan,Naoyuki Yoshino Pdf
Income inequality is one of the most profound social, economic, and political challenges of our time. The gap between the rich and the poor has been regarded as a major concern for policy makers. This gap is at its highest level in decades for developed economies, while the inequality trend has been rising in many developing countries. In Asia, despite recent economic growth, income distribution has been worsening as well. This book contributes to the existing literature on inequality in Asia by focusing on three broad themes, corresponding to three parts of the volume. Part I offers an overview of inequality in Asia, Part II focuses on the drivers of rising inequality in Asia, and Part III presents country case studies.
Achieving Inclusive Growth in the Asia Pacific by Adam Triggs,Shujiro Urata Pdf
The world’s developed economies are experiencing a sharp backlash against globalisation, and it appears to be contagious. Will Asia catch it next? Asia has seen spectacular growth in recent decades. It has benefited substantially from global trade, finance, openness and the rules-based international order. But much of the growth Asia has enjoyed has not been shared. It has not been inclusive growth. Inequality in Asia is among the highest in the world. The richest man in Vietnam now earns more in a single day than the poorest person does in a decade. Asia has far to go in making its societies more inclusive to women, ethnic minorities and the LGBT community. How can Asia reduce inequality? What are the forces that determine whether growth in the Asia Pacific is inclusive or not? And what can be done to make Asia’s growth more inclusive in the future? This book brings together the region’s leading thinkers to explore how to change Asia’s trajectory, before it is too late. The Pacific Trade and Development (PAFTAD) conference series has been at the forefront of analysing challenges facing the economies of East Asia and the Pacific since its first meeting in Tokyo in January 1968.
Poverty, Inequality, and Inclusive Growth in Asia by Juzhong Zhuang Pdf
While Asia’s growth record in recent decades is remarkable, it has been marred by rising inequalities. This book looks at recent trends of income and non-income inequalities in developing Asian countries, discusses their underlying driving forces, and examines key policy issues that need to be addressed to ensure that the benefits of growth will be more equitably shared in Asia. The book also presents a set of country studies that provide rich information on growth, poverty and inequality dynamics and the policy challenges that arise in marching toward inclusive growth.
Inequality in Asia and the Pacific in the Era of the 2030 Agenda for Sustainable Development by United Nations Publications Pdf
This publication reviews the region's inequality trends, challenges and achievements and identifies policy gaps across the three dimensions of inequality--inequality of outcome, inequality of opportunity and inequality of impact. It also discusses the potential impact of rapid and disruptive technological advances, such as machine learning, and puts forward a broad set of policy recommendations for reducing all forms of inequality for the effective implementation of the 2030 Agenda for Sustainable Development and its core tenant of ""leaving no one behind"".
Social Equity in the Asia-Pacific Region by Morgen Johansen Pdf
This book examines the concept and public service value of social equity in public administration research and practice outside of the Western context, considering the influence that historical, cultural, and social trends of Asian and Pacific societies may have on how social equity is conceptualized and realized in the Asia-Pacific region. The book presents the results of an effort by a group of scholars from seven countries (Australia, China, Hong Kong, Japan, Korea, The Philippines, and Singapore), one American State (the Hawaiian Islands), and the Pacific Islands to discover what social equity means in their respective contexts. It concludes by synthesizing and analyzing the chapter authors’ findings to advance a more global conceptualization of social equity.
Globalization, Culture and Inequality in Asia by Timothy J. Scrase,Todd Joseph Miles Holden,Scott Baum Pdf
Contemplating globalization from a sociological perspective, it is without doubt that a major site for social, political, economic and cultural change in the new millennium lies in the Asian region. The chapters in this book seek to describe and analyze a number of key aspects of social and cultural change wrought by globalization in the Asian region. The underlying theme in the book is the multi-dimensional way in which globalization - in the form of ideas, practices and technology - have introduced social inequalities in specific contexts. In particular, the book examines how inequality has been reproduced, challenged and theorized in Asia by the advent of globalizing culture. Written by experienced and established scholars, the study provides both theoretical explanation, and discussion and analysis of empirical data, from a range of social, cultural and political-economic perspectives and draws on studies from several countries in the region.
Growth, Development and Poverty Alleviation in the Asia-Pacific by Kartik Chandra Roy,Srikanta Chatterjee Pdf
This volume presents a variety of papers on issues related to growth, development and poverty prepared by specialists in their particular development-related fields. While the living standards of most people around the world have improved over time in absolute terms, many are still in desperate poverty. The major bulk of humanity lives in the continent of Asia, and it is here that some of the more spectacular contrasts in both economic growth and levels of affluence and destitution can be found. Whether India and China can continue to grow as fast as they have done in recent years remains to be seen. More importantly perhaps, whether growth alone can reduce poverty in these countries and in others is a question that needs to be discussed and understood. Outside of India and China, the African continent, particularly the nations in Sub-Saharan Africa is home to large numbers of poor and deprived humanity. Many of these countries are natural resource rich, but that has not enabled many of them to achieve adequate growth and reduce poverty. As countries grow, they put extra pressure on both global resources and the natural environment. The question as to whether there are finite limits to economic growth in a global sense is one that has long exercised thinkers. Technological progress has often enabled countries to economise on resource use without sacrificing growth. Whether that can continue indefinitely is also a question that has acquired a new urgency with the recent faster growth experience of the most populous countries.
Asia's phenomenal economic growth during last few decades is a remarkable success story in the fight against poverty. Between 2005 and 2012 alone, the number of people living in extreme poverty in Asia-Pacific was reduced by 1.1 billion-accounting for more than 90 per cent of the total poverty reduction achieved worldwide. However, these achievements have been overshadowed by the sharp rise in income and wealth inequality. The concentration of private wealth is of a greater concern. In several countries in Asia, the richest top 5% control close to 70% of the nation's total private wealth; the top 1% control more than 50%. This level of disparity has pervasive consequences for everyone. It stifles social mobility, undermines social cohesion, hurts long-term growth and reinforces inequality of opportunities. It encourages crime, sparks corruption and can lead to violent conflict. Left unchecked, growing inequality undermines the fight to end poverty and more people living with little hope. Such stark inequality is not inevitable – it is the consequence of political and economic choices. Deliberate policy choices have fostered the extremes of income, wealth seen across Asia today. It is against this context that book brings together a select group of academics across Asia to examine and bring forth positive stories about public policies introduced in last decade to address economic inequality. Scholarly written papers scrutinize the extent to which these policies have been successful. The book seeks to generate evidence across a range of contexts to demonstrate- what kind of governments programmes and policies have positive impact to reduce inequality and how these could be designed. These inspirational stories will fill the vital knowledge gap in Asia to foster peace and shared prosperity.
ECONOMIC AND SOCIAL COMMISSION FOR ASIA AND THE PA.,United Nations Economic and Social Commission for Asia and the Pacific
Author : ECONOMIC AND SOCIAL COMMISSION FOR ASIA AND THE PA.,United Nations Economic and Social Commission for Asia and the Pacific Publisher : Unknown Page : 208 pages File Size : 42,9 Mb Release : 2022 Category : Electronic ISBN : 9789210013611
Economic and Social Survey of Asia and the Pacific 2022 by ECONOMIC AND SOCIAL COMMISSION FOR ASIA AND THE PA.,United Nations Economic and Social Commission for Asia and the Pacific Pdf
The Asia-Pacific region has been leading the global economic growth over the past few decades. However, rapid economic growth without sufficient inclusiveness is now constraining the region's future economic and broader development prospects. The COVID-19 pandemic has further revealed the vulnerability of the region due to lack of inclusiveness. The Survey 2021 estimated that 89 million people could have been pushed back into extreme poverty in the region due to COVID-19, contributing to an already increasing trend in income inequality in Asia and the Pacific. Going forward, concerns over a “K-shaped” economic recovery, both within and across countries, and the desire to ensure that the post-pandemic recovery is consistent with long-term inclusive development are broadly shared among policy makers and experts, as revealed during policy dialogues organized to disseminate the messages of Survey 2021. Additionally, international commitment to inclusive development, as manifested in the 2030 Agenda for Sustainable Development, is pushing distributional issues to the forefront of global policy agenda. With a focus on the role of economic policies in promoting inclusive development, the Economic and Social Survey of Asia and the Pacific 2022 will analyze the importance of effective government actions and the role of fiscal, monetary/financial and structural policies in enhancing inclusiveness, keeping in view the considerable impacts of COVID-19 on inclusiveness and inequality.
Simon Kuznets’ views about the inverted-U relationship between inequality and development and the process of structural transformation have long been under the lens of researchers. Over the last 20 years, immense potential for growth in Asia has been facilitated by structural transformation. However, it remains undecided whether the contribution of structural transformation will stay as a crucial factor in determining potential productivity growth and income distribution. This book brings together novel conceptual frameworks and empirical evidence from country case studies on topics related to structural transformation, globalization, and income inequality.
Key Indicators for Asia and the Pacific 2021 by Asian Development Bank Pdf
This publication provides updated statistics on a comprehensive set of economic, financial, social, and environmental measures as well as select indicators for the Sustainable Development Goals (SDGs). The report covers the 49 regional members of ADB. It discusses trends in development progress and the challenges to achieving inclusive and sustainable economic growth across Asia and the Pacific. This 52nd edition discusses how the COVID-19 pandemic has intensified the challenges of meeting development targets, which needed urgent attention even before the global health crisis began. To put into practice the "leave no one behind" principle of the SDGs, the availability of more detailed and informative data is crucial. With the pandemic intensifying society's reliance on digital platforms for remote working and learning, as well as for shopping and entertainment, the 2021 report features a special supplement, Capturing the Digital Economy: A Proposed Measurement Framework and Its Applications, which is rooted in input-output analysis and uses readily available national accounts data. The study provides a sound basis on which to assess the relative importance of the digital economy in national and global production processes.
East Asia Pacific at Work by Truman G. Packard,Trang Van Nguyen Pdf
The unprecedented progress of East Asia Pacific is a triumph of working people. Countries that were low-income a generation ago successfully integrated into the global value chain, exploiting their labor-cost advantage. In 1990, the region held about a third of the world’s labor force. Leveraging this comparative advantage, the share of global GDP of emerging economies in East Asia Pacific grew from 7 percent in 1992 to 17 percent in 2011. Yet, the region now finds itself at a critical juncture. Work and its contribution to growth and well-being can no longer be taken for granted. The challenges range from high youth inactivity and rising inequality to binding skills shortages. A key underlying issue is economic informality, which constrains innovation and productivity, limits the tax base, and increases household vulnerability to shocks. Informality is both a consequence of stringent labor regulations and limited enforcement capacity. In several countries, de jure employment regulations are more stringent than in many parts of Europe. Even labor regulations set at reasonable levels but poorly implemented can aggravate the market failures they were designed to overcome. This report argues that the appropriate policy responses are to ensure macroeconomic stability, and in particular, a regulatory framework that encourages small- and medium-sized enterprises where most people in the region work. Mainly agrarian countries should focus on raising agricultural productivity. In urbanizing countries, good urban planning becomes critical. Pacific island countries will need to provide youth with human capital needed to succeed abroad as migrant workers. And, across the region, it is critical to ‘formalize’ more work, to increase the coverage of essential social protection, and to sustain productivity. To this end, policies should encourage mobility of labor and human capital, and not favor some forms of employment - for instance, full-time wage employment in manufacturing - over others, either implicitly or explicitly. Policies to increase growth and well-being from employment should instead reflect and support the dynamism and diversity of work forms across the region.
Mr.Benedict J. Clements,Ruud A. de Mooij,Mr.Sanjeev Gupta,Mr.Michael Keen
Author : Mr.Benedict J. Clements,Ruud A. de Mooij,Mr.Sanjeev Gupta,Mr.Michael Keen Publisher : International Monetary Fund Page : 450 pages File Size : 55,7 Mb Release : 2015-09-21 Category : Business & Economics ISBN : 9781513567754
Inequality and Fiscal Policy by Mr.Benedict J. Clements,Ruud A. de Mooij,Mr.Sanjeev Gupta,Mr.Michael Keen Pdf
The sizeable increase in income inequality experienced in advanced economies and many parts of the world since the 1990s and the severe consequences of the global economic and financial crisis have brought distributional issues to the top of the policy agenda. The challenge for many governments is to address concerns over rising inequality while simultaneously promoting economic efficiency and more robust economic growth. The book delves into this discussion by analyzing fiscal policy and its link with inequality. Fiscal policy is the government’s most powerful tool for addressing inequality. It affects households ‘consumption directly (through taxes and transfers) and indirectly (via incentives for work and production and the provision of public goods and individual services such as education and health). An important message of the book is that growth and equity are not necessarily at odds; with the appropriate mix of policy instruments and careful policy design, countries can in many cases achieve better distributional outcomes and improve economic efficiency. Country studies (on the Netherlands, China, India, Republic of Congo, and Brazil) demonstrate the diversity of challenges across countries and their differing capacity to use fiscal policy for redistribution. The analysis presented in the book builds on and extends work done at the IMF, and also includes contributions from leading academics.
