Asia: Income Growth And Inequality

June 2006 | Market Strategy

Asia's spectacular economic growth over the past generation has raised per capita incomes substantially, but the increases have been highly uneven across the region, and also within individual countries. While the original 'Tiger' economies of South Korea, Taiwan, Hong Kong, and Singapore have attained living standards more or less on a par with the developed world, much of South and Southeast Asia has remained poor, despite rapid economic growth. Furthermore, the highly uneven economic growth within countries such as China and India may potentially lead to political instability over the coming years.

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