Poverty in Asia: Will the GFC cancel recent gains?
 	 	 

In addition to the current GFC (Global Finance Crisis) in the first world, there is a second global crisis which is the ongoing, long-term crisis of mass poverty in poor countries. And many people would say that there is a third crisis, more serious than either of these two: climate change. Progress in reducing poverty in developing Asia in recent decades has been highly correlated with high rates of economic growth. But how will the policy changes resulting from the GFC affect growth developing economies?Additionally, there seems to be a sharp clash between, on one hand, the need for developing countries to promote rapid economic growth, and on the other hand, the need for the world to change the patterns of energy consumption. The policy challenge is, somehow, to reconcile these two needs.
 Download the full text of Peter McCawley's presentation to the Lowy Institute

