Tag Archives | Globalization
Economics, Governance and public sector management, Regional cooperation and integration
Environment, Industry and trade
Tackling the challenge of growing inequality in Asia
Income inequality is one of the most profound social, economic, and political challenges of our time. A survey conducted by Pew Research Center (2014) found that more than 60% of worldwide respondents regard the gap between the rich and the poor as a major concern. Piketty (2014) draws the unequivocal conclusion that growing inequality between the rich and the poor—between the owners of capital and the rest of society—is the normal state of affairs under capitalism, and that periods of decreasing inequality, such as during a post-war boom, are the exception, not the rule.
Globalization and the environment in India
India embarked on a path of liberal economic reform in the 1990s after years of nurturing an intensively regulated and controlled economic environment that was loosened slightly in the mid-1980s. The most important and critical segments of this reform were trade and foreign investment. India has felt the impact of globalization through increased prosperity, partly triggered by increasing trade volumes, investment, and growth.
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