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Prospects and Challenges for Growth and Poverty Reduction in Asia
Author(s) -
Humphrey John
Publication year - 2006
Publication title -
development policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.671
H-Index - 61
eISSN - 1467-7679
pISSN - 0950-6764
DOI - 10.1111/j.1467-7679.2006.00340.x
Subject(s) - development economics , poverty reduction , poverty , inequality , environmental degradation , economic shortage , economics , natural resource , corporate governance , psychological intervention , green growth , natural resource economics , economic growth , sustainable development , political science , government (linguistics) , psychology , mathematical analysis , ecology , linguistics , philosophy , mathematics , finance , psychiatry , law , biology
The extent of poverty reduction in Asia by 2015 will depend upon two linked issues: sustaining the current rates of economic growth and avoiding increases in income inequality. Rapid growth over the past 15 years has itself created three challenges for its continuation: inadequate infrastructure; energy shortages and insecurity; and depletion of natural resources and environmental degradation. The ways in which these problems are addressed will have impacts not only on growth but also on inequality, requiring policy interventions at multiple levels, having implications for governance at multiple levels, and involving the development of new partnerships within the region and beyond.