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Wealth gap 'spreads across Asia' (BBC)

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eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-08-07 08:43 PM
Original message
Wealth gap 'spreads across Asia' (BBC)
The gap between rich and poor has widened sharply in China and many other Asian countries as their economies have boomed, research has suggested.

The Asian Development Bank (ADB) found that relative inequality had widened more substantially in China than any other Asian country except for Nepal.

Other countries with rising wealth gaps include India, Cambodia and Sri Lanka.

More spending was needed on education, training and healthcare to alleviate the situation, the ADB argued.

Lagging behind

The bank said the main reason for widening wealth gaps in recent years was the discrepancy in investment between urban and rural areas which favoured better-educated, better-off urban populations.
***
more: http://news.bbc.co.uk/2/hi/business/6936525.stm

Eerily familiar, no?
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-08-07 08:52 PM
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1. Rising tide sinks some boats, lifts only a few?
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SharonAnn Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-08-07 08:59 PM
Response to Reply #1
2. "Rising tide sinks most boats." Or - "Rising tide lifts few boats"
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