Wednesday, April 11, 2012

Widening gap between rich and poor

Asian Development Bank says the Asia's rapid growth has created an
income gap that threatens to undermine growth and stability. Asia's
richest one percent account for six to eight percent of total income.
In most countries 20 percent of total income went to the wealthiest
five percent. Since the 1990's, inequality has grown in Asia's three
largest economies, China, India and Indonesia. Unequal access to
education, health and other public services also hinders opportunities
for the poor to overcome their economic plight. School dropout rates
are up to five times higher for children in the poorest families.
Infant mortality rate is 10 times higher for poor infants than for
babies born to the rich. Asian nations to spend more on education and
infrastructure, and promote small and medium enterprises.

http://www.voanews.com/english/news/Report-Rising-Income-Gap-Threatening-Stability-in-Asia-146985715.html