Asian economies generally meet the conditions for a demography-driven middle-income trap, especially in East and Southeast Asia.
Dr. Lee is Professor in the Department of Economics and Director of Center for Korean Studies at the University of Hawaii at Manoa, and Senior Fellow at the East-West Center. He is also the Asian team leader of the National Transfer Accounts project. His studies focus on issues related with aging and social welfare. He has published numerous articles, including 10 edited books focusing on population aging and the labor market with emphasis on the Asian and Korean economies. His recent edited volumes include Demographic Dividend and Population Aging in Asia and the Pacific (2016), Social Policies in an Age of Austerity (2015), Inequality, Inclusive Growth, and Fiscal Policy in Asia (2015), and Aging, Economic Growth, and Old-Age Security in Asia (2012). Dr. Lee received his BA and MA in economics from Seoul National University, and his PhD in economics from Michigan State University.
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Expanding the role of fiscal policy in fighting poverty and inequality should not come at the expense of fiscal sustainability.