Publication

This brief points to a second global crisis accompanying the financial crisis: long-term mass poverty in the Third World. It highlights that more than a billion people in Asia live in conditions of bitter poverty which are likely to worsen as a result of the financial crisis. The author recommends emphasizing the importance of strong economic growth in Asia and placing greater focus on the issue of mass poverty there. He calls for the implementation of measures to strengthen the voice of Asia’s poor and to increase access to global knowledge. Finally, he urges other OECD donors to give priority to tackling mass poverty in Asia.