Poverty, Inequality, and Inclusive Growth in Asia Measurement, Policy Issues, and Country Studies

"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.