Poverty Reduction for Inclusive Sustainable Growth in Developing Asia

This book provides practical policy recommendations for developing Asia and accelerating poverty reduction plans worldwide. Rapid growth in countries like China, India, and Southeast Asia has lifted millions out of poverty, but the COVID-19 pandemic and global economic recession are pushing millions back into poverty. Poverty reduction, inclusive growth, and sustainable development are inseparable, and the Sustainable Development Goals (SDGs) aim to end poverty by 2030. Governments need to reconsider policies and allocate resources to achieve the no-poverty target.

Format: Paperback / softback
Length: 248 pages
Publication date: 17 May 2022
Publisher: Springer Verlag, Singapore

This book is a valuable resource for developing Asia and for accelerating poverty reduction plans in the rest of the world. Poverty reduction remains one of the greatest challenges facing humanity, with rapid growth in countries and sub-regions such as China, India, and Southeast Asia lifting millions out of poverty, but progress has been uneven. The current coronavirus (COVID-19) pandemic and the global economic recession have pushed millions of people back into poverty. Poverty reduction, inclusive growth, and sustainable development are inseparable, and poverty reduction is the premise for sustainable development. The Sustainable Development Goals (SDGs) are a bold commitment to end poverty in all forms and dimensions by 2030. However, due to the current global recession, the world is not on track to end poverty by 2030. To achieve the no-poverty target in line with the SDGs, governments need to reconsider their policies, and economies need to allocate their resources for this aim.

This book provides several thematic and empirical studies on the roles of small and medium-sized enterprises, local businesses and trusts, international remittances and microfinance, energy security and energy efficiency in poverty reduction, and inclusive growth.

Small and medium-sized enterprises (SMEs) play a crucial role in poverty reduction in developing Asia. SMEs provide employment opportunities, generate income, and contribute to economic growth. Local businesses and trusts also play a significant role in poverty reduction by creating employment opportunities and providing goods and services to marginalized communities. International remittances and microfinance also contribute to poverty reduction by providing access to financial services and capital for individuals and businesses in poverty-stricken areas.

Energy security and energy efficiency are also important factors in poverty reduction. Access to clean and affordable energy can improve productivity, reduce the cost of production, and create new business opportunities. Energy efficiency can also help reduce energy consumption and save money on energy bills, which can be particularly beneficial for households and small businesses in poverty-stricken areas.

Inclusive growth is another important aspect of poverty reduction. Economic growth alone cannot end poverty, as it may not reach marginalized communities. Inclusive growth ensures that all members of society benefit from economic development, including women, children, minorities, and people with disabilities. This can be achieved through policies that promote gender equality, social inclusion, and access to education and healthcare.

To achieve the no-poverty target in line with the SDGs, governments need to prioritize poverty reduction and allocate resources to support sustainable development. This includes investing in education, healthcare, infrastructure, and social protection programs. Governments should also promote policies that support SMEs, local businesses, and microfinance, and encourage international cooperation and investment in poverty-stricken areas.

In conclusion, this book provides valuable insights into the roles of small and medium-sized enterprises, local businesses and trusts, international remittances and microfinance, energy security and energy efficiency, and inclusive growth in poverty reduction. By prioritizing poverty reduction and allocating resources to support sustainable development, governments can help end poverty in all its forms and dimensions by 2030.

Weight: 415g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811611094
Edition number: 1st ed. 2021