SINGAPORE (June 24): Amid escalating geopolitical tensions and uncertainty over global growth, there is one region presenting hope and opportunity: Asia. The International Monetary Fund expects it to grow 5.6% this year, accounting for two-thirds of global economic growth.

Yet, not all its inhabitants are experiencing the fruits of the region’s progress. Studies have shown that income inequality and inequality of opportunities can hamper economic growth. Despite a rising middle class, better educated workforce and improved life expectancy, the region is home to half of the world’s poorest people, according to data from the United Nations’ Economic and Social Commission for Asia-Pacific. These two billion people, out of a global impoverished population of four billion, are scattered across Asia.

Governments have been responding to this by paying greater attention to social causes. But corporates and investors have a major role to play.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook