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Jakarta Post

Simple ideas for APEC to leave no one behind

PREMIUM
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. (Shutterstock.com/Daxiao 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.