Prospects and challenges for growth and poverty reduction in Asia

The extent of poverty reduction in Asia by 2015 will depend upon two linked issues: sustaining the current rates of economic growth and avoiding increases in income inequality. Rapid growth over the past 15 years has itself created three challenges for its continuation: inadequate infrastructure; energy shortages and insecurity; and depletion of natural resources and environmental degradation. The ways in which these problems are addressed will have impacts not only on growth but also on inequality, requiring policy interventions at multiple levels, having implications for governance at multiple levels, and involving the development of new partnerships within the region and beyond.