Chinese economyresearch report

Asia poverty reduction report 2020 From Boao Forum for Asia

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The following is the Asia poverty reduction report 2020 From Boao Forum for Asia recommended by recordtrend.com. And this article belongs to the classification: Chinese economy, research report.

The novel coronavirus pneumonia outbreak this year has become the most direct factor affecting the poverty changes in Asian countries, the report said. Under the impact of the epidemic, income inequality is further aggravated, and the global poor population is expected to rebound for the first time since 1998. Due to the rapid economic and social transformation in Asia, there is still room for improvement in infrastructure, public services and emergency management capabilities. Vulnerable groups are particularly vulnerable to the negative impact of public security incidents. It is estimated that nearly half of the world’s new poor people will be concentrated in South Asia.

Despite the challenges, Asia remains the largest contributor to global poverty reduction, according to the report. With huge economic growth, the economic and social transformation of developing countries in Asia has fundamentally changed the pattern of global economy and poverty governance. By 2019, the incidence of poverty in most Asian developing countries has dropped to less than 3%.

The report summarizes four models of poverty reduction in Asian countries, and points out that no matter which way is adopted, development is the first key to solve the problem of poverty. The most important experience of poverty reduction in China and Asian countries lies in following the development path in line with their respective national conditions, organically combining various resources through strong institutional mechanisms, and continuously alleviating and eliminating poverty in development.

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