Oxfam urges Asia to tackle rising inequality to sustain growth
Asian leaders must address rising inequality in all aspects, aid agency Oxfam warned on 19 January, saying ignoring the issue would leave almost 500 million people trapped in poverty and threaten economic growth.
“Asia is now at a crossroads. It could continue with the existing policies and risk political, economic, social, and environmental sustainability or it could make a turnaround by addressing inequality more seriously in all aspects to sustain its economic progress,” said Lilian Mercado, Deputy Regional Director of Campaigns and Policy for Oxfam.
