Inequality and the Imperative for Inclusive Growth in Asia. Asian Development Review, Vol. 24(2), pp. 1-16
Ali, Ifzal | August 2007
Abstract
Developing Asia’s rapid growth rates that have contributed to a remarkable
decline in the incidence of poverty have also been accompanied by rising
income and expenditure inequalities and persistence of high levels of
nonincome inequalities. These inequalities could be traced to various
dimensions of unevenness in the growth process. In turn, the unevenness
arises from policy factors as well as from structural transformation associated
with growth. Further, unevenness arises from constraints to access to public
services and inputs like land and credit. To address these causes of
inequalities, the paper advocates a strategy of inclusive growth. This strategy
rests on three anchors, i.e., expanding opportunities, broadening access to
opportunities, and social protection that acts as a safety net and a springboard.
These anchors reinforce each other to facilitate a process of allowing all
members of society to participate in, and contribute to, the growth process on
an equal footing regardless of their individual circumstances. Public policy to
address the disadvantages of circumstances and thereby ensure an even
playing field for all is the bedrock of inclusiveness
Citation
Ali, Ifzal. 2007. Inequality and the Imperative for Inclusive Growth in Asia. Asian Development Review, Vol. 24(2), pp. 1-16. © Asian Development Bank. http://hdl.handle.net/11540/1700. License: CC BY 3.0 IGO.Citable URI
http://hdl.handle.net/11540/1700Metadata
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