These charts illustrate how Sri Lanka’s elderly population is increasing while the number of working-age people to help support them is declining. Forward-thinking policies are needed to address the challenges arising from this imbalance.
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.
Poverty and natural disasters are intertwined. Both, however, can be addressed together through the community-driven development approach to disaster preparedness, as we have learned in the Philippines.
Every year, millions of people cross borders to work abroad. People migrate for various reasons, but for the majority of migrant workers, they are compelled by poverty and lack of job opportunities in their home countries.
Migration in the Asia-Pacific region is diverse and enduring. It cannot be handled by one country alone. Regional cooperation is needed.
The pandemic has worsened inequality on many fronts. Pro-active macroeconomic policy combined with labor retraining programs and increased social protection are needed.
With the right policies, enough jobs can be created to employ returning workers and creating the opportunity for a new era in agricultural entrepreneurship in the region.
Enabling poor households to become more resilient is key to achieving healthy, vibrant and diverse cities of the future.
In the Philippines, cloud-based technology is being used to address the financial exclusion that helps fuel poverty and inequality.
Countries in developing Asia can extend basic and robust levels of social protection to the “missing middle,” but whether there’s enough political to do so is another matter.