Juzhong Zhuang

"Asia's governments understand that growing inequality threatens stability and future prospects, but are struggling to find ways to promote better distribution without distorting economic incentives. This book is a thoughtful and scholarly presentation of the issues and solutions, and offers a way through the policy maze. It is a practical response to Asian `suffering, and a welcome balance to the growing number of books celebrating `shining' Asia." Homi Kharas Senior Fellow, Global Economy and Development, Wolfensohn Center for Development Brookings institution "Building on an innovative conceptual framework that sees inclusive growth as economic growth coupled with declining inequality of opportunity, the authors capably address measurement and policy design questions. The book should be essential reading for scholars, students, and practitioners of recent social and economic development in Asia." Francisco H. G. Ferreira Deputy Chief Economist for Latin America, The World Bank "This book presents a compelling case for making growth more inclusive in Asia and a unique view of key elements of an inclusive growth strategy for the region." Justin Yifu Lin Chief Economist, the World Bank "How to make economic growth work to the benefit of a wide group of citizens is one of the central challenges of economic development This book contains important analysis and insights into how this challenge can be met. It will be of interest to both researchers and policy makers." Timothy Besley Kuwait Professor of Economics and Political Science, London School of Economics and Political Science "This volume presents a comprehensive and through discussion of the extent and patterns of poverty and inequality in developing Asia, examines the concept and empirical dimensions of inclusive growth for the region, and draws policy implications for countries and international agencies. It is a valuable guide for researchers and practitioners alike." Ravi Kanbur I.H. Lee Professor of World Affairs, international Professor of Applied Economics, Professor of Economics, Cornell University ADB's vision is an Asia and Pacific region free of poverty its mission is to help its developing member countries substantially reduce poverty and improve the quality of life of their people Despite the region's many successes, it remains home to two-thirds of the world's poor. 1.8 billion people who live on less than 52 a day, with 903 million struggling on less than 51.25 a day, ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration. Based in Manita, ADB is owned by 67 members, including 48 from the region its main instruments for helping its developing member countries are policy dialogue, loans equity investments guarantees, grants, and technical assistance.

Measurement, Policy Issues, and Country Studies

Poverty, Inequality, and Inclusive Growth in Asia

Ravi Kanbur

Changyong Rhee

Asia’s rapid economic growth has led to a significant reduction in extreme poverty, but accompanied by rising inequality. This book deals with three questions: What have been the trends of inequality in Asia and the Pacific? What are the key drivers of rising inequality in the region? How should Asian countries respond to the rising inequality? Technological change, globalization, and market-oriented reform have been the key drivers of Asia’s remarkable growth and poverty reduction, but they have also had significant distribution consequences. These three drivers of growth cannot be hindered because they are the sources of productivity improvement and betterment of quality of life. This book will be useful to those interested in policy options that could be deployed by Asian countries in confronting rising inequality.

Trends, drivers, and policy implications

Inequality in Asia and the Pacific

Hal Hill

Muhammad Ehsan Khan

‘Diagnosing the Indonesian Economy: Toward Inclusive and Green Growth’ discusses the critical constrains to inclusive economic growth in Indonesia. The volume includes a broad overview of Indonesia’s development since the 1960s, and features an analytic framework for the study that aims to identify the most binding constraints. The chapters analyze macroeconomic management since the Asian financial crisis; the status of Indonesia’s industrial transformation; the challenges pertaining to Indonesia’s infrastructure; the situation of human capital and employment; the record on poverty reduction; the impact and status of the decentralization effort; and the challenges attendant to the country’s environment and natural resources.

Toward Inclusive and Green Growth

Diagnosing the Indonesian Economy

While Asia’s growth record in recent decades is remarkable, it has been marred by rising inequalities. This book looks at recent trends of income and non-income inequalities in developing Asian countries, discusses their underlying driving forces, and examines key policy issues that need to be addressed to ensure that the benefits of growth will be more equitably shared in Asia. The book also presents a set of country studies that provide rich information on growth, poverty and inequality dynamics and the policy challenges that arise in marching toward inclusive growth.

Juzhong Zhuang

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