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WorldApril 2 2013

Inequality threatens Asia’s growth story

Senior figures at the Asian Development Bank explain why their priority is to ensure that the continent's growth benefits all of its population, countering the rising levels of inequality in the region over the past 20 years.
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Inequality threatens Asia’s growth story

The bright story of Asia’s growth has a dark side. The gap between the haves and the have nots in Asia is widening, and there are fears that rising inequality could pose a threat to the region’s future growth prospects. 

Asia, once the poorest region in the world, now accounts for one-third of the world’s gross domestic product (GDP). The dramatic growth story is expected to continue and by 2050 Asia could account for more than 50% of global GDP, according to estimates from the Asian Development Bank (ADB). 

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