Providing a decent, secure and dignified way of life for the elderly is set to become one of the most pressing concerns facing policymakers in Asia in coming years.
Developing Asia’s impressive growth continues but faces a new challenge — inequality is on the rise. Over the last few decades, the region has lifted people out of poverty at an unprecedented rate. But more recent experience contrasts with the ‘growth with equity’ story that characterised the newly industrialised economies’ transformation in the 1960s and 1970s.
The global market for sukuk – or Islamic debt securities – has soared from a tiny US$15 billion in 2001 to US$281 billion in 2013. Helping issuers tap the large pool of funds seeking shari’ah-compliant investments would help lower the cost of financing infrastructure, while the innovative profit-sharing structures of some sukuk could also lower the risk of financing such projects.
How many of your childhood friends do you remember who climbed trees, drew imaginative pictures showing how things worked, built cities of Lego, rode bikes, constructed forts from blankets and furniture and invented elaborate games involving hiding, seeking, capturing … and getting really filthy?
World Tuberculosis Day provides an important occasion to raise awareness about a disease that continues to affect millions of people around the globe.
There is a seemingly hidden problem for Asia in providing economic, social and emotional security for the elderly. But drawing on the experiences of more developed economies, I think there is a silver lining behind this – an opportunity if actions are taken now to provide care and to give dignity to the elderly in Asia.
Radhika Coomaraswamy, a human rights lawyer and former UN Special Rapporteur on Violence Against Women, once said: “Traffickers fish in the stream of migration." What does this mean?
Recently IMF Managing Director Christine Lagarde noted: “In too many countries, the benefits of growth are being enjoyed by far too few people”. She was making the point that high levels of inequality are a global concern.
Starting 22 February, Asian Development Bank (ADB) is holding its second No Impact Week challenge for individuals to cut their carbon footprint, following the success of the pilot event in January 2013.
Christine Lagarde, managing director of the IMF, recently warned that “in far too many countries the benefits of growth are being enjoyed by far too few people”. It’s hard to believe that this observation applies to Asia, though, where growth has been so successful at lifting millions of people out of poverty. Surely, more growth must be the answer?