INCOME INEQUALITY IN ASIA - MAJOR TRENDS AND CHALLENGES
Julia Dobreva
Pages: 163-170
Published: 8 Oct 2022
Views: 386
Downloads: 36
Abstract: Income inequality in Asia is high and it is growing in recent years. Economic research shows that ever since the beginning of the 1990s, developing Asia achieved significant economic growth. It has reduced poverty faster than any other region of the world, but for many countries this was also a period of experienced rising income inequality. The main drivers for the speedy economic growth of the region were foreign direct investments along with technological change, globalization, and market-oriented deregulation. Yet, they also contributed to income disparities, especially in terms of prioritising skilled over unskilled workers, owners of capital over labor, and coastal urban areas with industrial clusters when compared to rural and agrarian inland regions. Additionally, the process was aggravated by in- stitutional weaknesses and the prevalence of extractive institutions, which were never reformed to pro- vide for a just distribution of opportunities and create a favourable business environment. In this paper we discuss the source of inequalities in Asia, their key drivers as well as the approaches needed to be implemented and good examples when trying to deal with high inequality levels in Asia.
Keywords: inequality, gini coefficient, asia
Cite this article: Julia Dobreva. INCOME INEQUALITY IN ASIA - MAJOR TRENDS AND CHALLENGES. Journal of International Scientific Publications: Economy & Business 16, 163-170 (2022). https://www.scientific-publications.net/en/article/1002428/
Back to the contents of the volume
© 2025 The Author(s). This is an open access article distributed under the terms of the
Creative Commons Attribution License https://creativecommons.org/licenses/by/4.0/, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This permission does not cover any third party copyrighted material which may appear in the work requested.
Disclaimer: The Publisher and/or the editor(s) are not responsible for the statements, opinions, and data contained in any published works. These are solely the views of the individual author(s) and contributor(s). The Publisher and/or the editor(s) disclaim any liability for injury to individuals or property arising from the ideas, methods, instructions, or products mentioned in the content.
