Asia’s developed and emerging economies are both facing a common challenge following decades of rapid growth: how to address growing inequalities in wealth and income that are creating increasing social tensions and, in some instances, have the potential to threaten social stability.
While the problems require different solutions from one country to the next, all of Asia must address the need for inclusive growth, if the region is to keep itself on a path that is sustainable in the future.
The region faces daunting challenges in overcoming growing gaps in income and wealth that could threaten social and political stability.
As economies and incomes grow across Asia, the poor aren’t benefiting proportionally. Policies encouraging inclusive growth could help.
The country’s colossal battle to lift people out of poverty has evolved along with changing theories of development economics.
Private-sector and other initiatives could rebalance an economy that has grown into one of the most unequal in Asia.
Three decades of economic stagnation have led to acute discrepancies in wealth and income distribution, but there are possible remedies.
Much more needs to be done to address inequality, because rapid growth alone won’t solve the problem, writes Rajat Kathuria.
Erik Martinez Kuhonta argues that differences in political structures and institutions help explain the variance in the patterns of inequality in Southeast Asia.
Displacing the US will be a far more challenging task for China than many think.
Taiwan’s newly inaugurated president, Tsai Ing-wen, faces a conundrum when it comes to foreign policy.
There is little evidence that South Korea will drift away from the US, write Sung-hwan Kim and Stephan Haggard. Instead, North Korean intransigence could prompt a South Korea- US-China strategic dialogue that could benefit the region.
Greater co-operation between China and the US suggests that there might be an opportunity to break the stalemate with North Korea, if all sides are willing to embrace the opportunity, Manhak Kwon writes.
South Korea's economic success is both a marker of economic success and a warning of impending challenges.
The difficulties in developing indigenous military aircraft are enormous, writes Marc R. DeVore, as he looks back at similar efforts by India and Japan from the 1980s that ultimately ended in failure.
There is a risk that Central Asia may simply be exploited in the drive for a new Eurasian order, writes Michał Romanowski.
John Carlson assesses the legacy of Obama’s initiative and what needs to be done to preserve its original vision.
The 6th annual meeting of the Asia-Pacific Leadership Network for Nuclear Non-Proliferation and Disarmament (APLN) was held on Jeju Island in South Korea on May 24, 2016.
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