About the product
Economic policymaking in Asia-Pacific developing countries has long been focused on maximising economic growth, given the imperatives of poverty reduction and job creation. There is no gainsaying that there is a strong case for focusing on economic growth but when this comes at costs that undermine the sustainability of growth itself over the long term, it is time to ask questions. This is evident in the region, where decades of high growth have transformed the socioeconomic landscape – lifting a billion people out of extreme poverty and raising living standards of even greater numbers. However, such growth has been accompanied by growing inequality of income and opportunity and is beginning to breach planetary limits, endangering the well-being of future generations.