11. Mass poverty in Asia and the GFC
- Author:
- Peter McCawley
- Publication Date:
- 06-2009
- Content Type:
- Policy Brief
- Institution:
- Lowy Institute for International Policy
- Abstract:
- What is the problem? In addition to the current Global Financial Crisis (GFC), there is a second global crisis: long-term mass poverty in the third world. While the rich world worries about a repeat of the Great Depression, today more than a billion people in Asia live in conditions of bitter poverty which are much worse than those of the 1930s. As a result of the GFC, poverty in developing Asia is now likely to increase.
- Topic:
- Development, Economics, Poverty, and Financial Crisis
- Political Geography:
- Asia