For many people, at least 1.7 billion people in Asia and the Pacific, opportunities from the MDGs have not yet materialized.
Most definitions do not fully capture the concept of inclusive growth. To be useful, such a definition must include several key elements.
Well-designed and targeted social protection programs, and particularly safety nets for the disadvantaged, deliver high returns in terms of poverty reduction.
In 2012, the International Labour Organization (ILO) called on its 185 members to ensure that everyone in need has access to essential health care and basic income security.
“Inclusive growth” and “green growth” are two buzzwords that we often hear in the development sphere nowadays. This is not surprising since these two form key part of many development strategies. While Asia has done extremely well in expanding its economies in the last two to three decades, rapid growth has brought with it rising inequality—within and across countries. It has also badly damaged the environment along the way.
More effort and resources need to be invested in making migration a tool of climate change adaptation rather than accepting it as a failure to adapt.
Asia and the Pacific accounts for half of the estimated economic cost of disasters over the past 20 years.