Asian governments should introduce policies that do not slow down economic growth, but do spread its benefits more equitably.
Juzhong joined Asian Development Bank in 1997, and is currently Deputy Chief Economist working in the Economics and Research Department. From 1992 to 1997, he was a research officer of the Development Economics Research Program at the London School of Economics. He holds a Ph.D. in Economics from the University of Manchester.
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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.