Poverty

India has around 2 percent of the world’s millionaires and 5 percent of its billionaires, and since 2000, wealth in the country has grown 9.2 percent a year, faster than the global average of 6 percent. At the same time, India ranks among the highest in terms of income inequality and is home to the world’s largest number of poor people. India’s lea… Read more

Speaking at the United Nations Sustainable Development Summit in New York last month, Prime Minister Modi expressed the Indian government’s commitment to the new Sustainable Development Goals (SGDs), which replace the Millennium Development Goals that expired in 2015.

South Korea, a once-impoverished and war-torn nation that has grown to become an economic powerhouse and a provider of international assistance, is one of Asia’s great success stories, and The Asia Foundation has been a partner in that remarkable transformation since 1954.

In Asia editor Alma Freeman sat down with Asia Foundation trustee Ambassador Kathleen Stephens, who visited Asia Foundation headquarters in San Francisco having just concluded a 7-month post as chargé d’affaires at the U.S Embassy in New Delhi.

Last month, the International Labour Organization (ILO) announced troubling global trends in unemployment, which is expected to worsen in the coming years. According to its 2015 Employment and Social Outlook report, young workers aged 15-24 are particularly hard hit by the crisis, and Asia is home to the largest number of these young people.

Earlier this week, Cambodia’s Ministry of Education Youth and Sports (MoEYS) held a second high school exam to provide a second chance for the over 70 percent of 93,000 high school students who failed to pass the first annual national high school exam, held in early August. The passing rate in the first exam…

Khalid Malik, lead author of the UNDP Human Development Report, sat down with The Asia Foundation’s Global Communications assistant director, Eelynn Sim, on a recent visit to the Foundation’s headquarters in San Francisco and on the heels of the release of the 2014 report.

By many metrics, Bangladesh’s development trajectory is a unique success story, especially since the 1990s when democratic rule was reinstated and extensive economic reforms were made. Poverty incidence has fallen from 60 percent to around 30 percent.

International data indicate that Myanmar’s current growth rate is about 7 percent, which by any measure should indicate progress and pride. Macroeconomic reforms have been extensive. The unrealistic legal exchange rate, which at one point was about 150 times…

For the last four years, Mongolia has had one of the fastest growing economies in the world, clocking double-digit growth on the back of a mining boom. The effects of this growth are obvious, especially in the capital, Ulaanbaatar, where cranes dominate the skyline…

In Asia editor Alma Freeman recently interviewed Philippine local governance leader Marcia Czarina Corazon Medina-Guce on President Aquino’s ambitious reform agenda and progress on poverty reduction and inclusive development.

Despite the region’s dramatic growth, income inequality across much of Asia is rising, and poverty remains a stubborn issue to overcome. Some 700 million people across the region live on less than $1 a day. In response, governments are taking on urgent policy reforms needed to create jobs and foster inclusive growth…

Today about six out of 10 of the world’s poorest people are women. That means, of the estimated 1.5 billion people living in extreme poverty worldwide, 60-70 percent are girls and women. However, if girls and women account for a large percentage of the poor…

The Indonesian Bureau of Statistics estimates that out of 65 million households, approximately 9 million – or nearly 14 percent – are headed by women. Studies from field reviews of World Bank-financed national community development projects have shown that vulnerable widows were not joining collective decision-making…

Today in New York at the annual Lotus Leadership Awards, hosted by First U.S. Ambassador for Global Women’s Issues, Melanne Verveer, The Asia Foundation honored Nobel Peace Laureate Muhammad Yunus and Nani Zulminarni, and the Estée Lauder Companies for their commitment to improving the lives of young women in Asia.

On the heels of the launch of the Asian Development Bank’s latest Asian Development Outlook 2014 report, ADB Vice President Stephen P. Groff visited Asia Foundation headquarters in San Francisco last week to discuss key findings and how the ADB is realigning its operations to emphasize inclusiveness…

Millions of poor and marginalized Indonesians live without the full protection of the law. Securing access to justice for these citizens is a vital component of reducing poverty and vulnerability and delivering democratic governance.

More than half of the planet lives in Asia. Six of the 10 largest nations in the world are in the Asia Pacific, and the region is playing an increasingly important role in the global economy, international security, and the world’s collective efforts to advance human development. The dynamism of Asian economies contributed greatly to the global economic recovery, simultaneously lifting more than half a billion people out of poverty. Glittering cities and bustling ports bear testament to the so-called “Asian miracle” that has become the dominant narrative in economic and political analysis of recent years.