DISPATCHES FROM THE EDGE: Asia’s Mad Arms Race
Asia is currently in the middle of an unprecedented arms race that is not only sharpening tensions in the region, but competing with efforts by Asian countries to address poverty and growing economic disparity. The gap between rich and poor—calculated by the Gini coefficient that measures inequality—has increased from 39 percent to 46 percent in China, India, and Indonesia. While affluent households continue to garner larger and larger portions of the economic pie, “Children born to poor families can be 10 times more likely to die in infancy” than those from wealthy families, according to Changyong Rhee, chief economist of the Asian Development Bank. -more-