Wealth Gap ‘Spreads Across Asia’ – BBC News

_44046019_shanghaiafp203jpg.jpg From BBC News:

The gap between rich and poor has widened sharply in China and many other Asian countries as their economies have boomed, research has suggested.

The Asian Development Bank (ADB) found that relative inequality had widened more substantially in China than any other Asian country except for Nepal . Other countries with rising wealth gaps include India , Cambodia and Sri Lanka . More spending was needed on education, training and healthcare to alleviate the situation, the ADB argued. [Full Text]

[Image: “Growing inequalities can weaken social cohesion” said Ifzal Ali, Asian Development Bank, from AFP Photo.]

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.