Mass poverty in Asia and the GFC

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PDFMass poverty in Asia and the GFC
Image: Ronn Ashore / Flickr

03 July 2009In addition to the current Global Financial Crisis (GFC), there is a second global crisis: long-term poverty in the third world. While the rich world worries about a repeat of the Great Depression, today more than a billion people in Asia live in conditions of bitter poverty which are much worse than those of the 1930s. As a result of the GFC, poverty in developing Asia is now likely to increase. In a new Policy Brief, Peter McCawley argues that Australian economic diplomacy should place greater focus on the issue of mass poverty in Asia, and he emphasises the importance of strong economic growth as the best way to help Asia’s poor.

 

Publication typeReport
Publisher TypeAcademic research centre, APO Member
CoverageAustralia, Worldwide, Asia and the Pacific
Permanent URLhttp://apo.org.au/node/17621
Views945

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