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Jakarta Post

Simple ideas for APEC to leave no one behind

Ho Chi Minh   /   Mon, November 6, 2017   /  02:48 pm
Simple ideas for APEC to leave no one behind Beggars in Indonesian capital city Jakarta. In Indonesia, the four richest men have more wealth than the poorest 100 million people. ( Productions)

Next week Asia-Pacific Economic Cooperation (APEC) leaders will meet in Danang. They face a region divided as never between a few rich and the rest. After decades of leading the world in economic growth that benefited everyone, Asia today is rapidly becoming a fractured region with sharp economic and social divisions between the rich and the underdogs.

The Danang summit should be a reflective moment for APEC political and business leaders to critically review their policies and growth paradigm which are failing to achieve shared prosperity and just helping a minority to increase their wealth while leaving millions of women, workers and peasants behind. 

In Asia-Pacific, the population-weighted income Gini coefficient, based on household income estimates, increased from 0.37 to 0.48 between 1990 and 2014; an increase of almost 30 percent in less than 3 d...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.