International Inequality

Helping underclass requires vision

Hong Kong has become more prosperous over the decades and emerged from financial crises in better shape than most places. Yet inequality has grown. The latest evidence is difficult to refute.

Wednesday, 27 June, 2012, 12:00am

It's well past time to put the Gini back where it belongs

'Let some people get rich first,' urged Deng Xiaoping, and sure enough, some of them did. Between 1990 and 2008, China's headlong rush to economic growth lifted 500 million people out of extreme poverty. And in case you were wondering, according to the World Bank, 'extreme poverty' means living on a household income of less than US$1.25 a day.

12 Apr 2012 - 12:00am

On wealth, the right is wrong

To get rich is glorious, as Deng Xiaoping famously said. But the US Republican right have made another Great Leap Forward to claim that the rich are also gloriously important to the economy because they produce jobs and thereby stimulate growth.

10 Jan 2012 - 12:00am

The might of rights

Here are some figures you won't believe if you only read the headlines about global poverty. More wealth has been created in the past six decades than in all previous history, and it has reduced poverty. The number of people living on less than US$1 a day dropped from 40 per cent in 1981 to 18 per cent in 2004.

22 Feb 2008 - 12:00am

Who really cares?

As they grow older and richer, societies tend to become more compassionate and less desperate to get rich at any price. That has been the case in most of East Asia, as well as in North America and Europe. As a society, Hong Kong is no different.

16 May 2005 - 12:00am

Mainland has Asia's biggest wealth gap, says study

China has the highest concentration of wealth among the fewest individuals in Asia, according to a study.

The Asian Banker, a Singapore-based publication, found a massive gap between the mainland's rich and poor.

23 Feb 2003 - 12:00am

Rich and poor

The world which warmly embraced the 'Big Bang' global market philosophy during the 1980s has had time to take stock. Many rich nations and prominent economists remain disciples of the idea that the market must always be put first, and will produce the best system.

17 Sep 1997 - 12:00am

Thailand claims top spot in growth stakes

THAILAND has been the world's star economic performer over the past 10 years, according to a new World Bank report.

Its 1996 Atlas, which ranks countries according to their economic record for the 10 years to December 1994, made South Korea the runner-up with China and Singapore tied for third place.

1 Jan 1996 - 12:00am