1. Poverty & the Cost of Living in Asia & the Pacific.
- Subjects
COST of living ,CONSUMER price indexes ,POVERTY ,POOR people ,INCOME inequality ,SCHOOL closings ,COVID-19 pandemic - Abstract
The article examines the rising cost of living crisis in Asia and the Pacific, which poses a threat to poverty reduction efforts. Despite economic growth, poverty persists due to factors like economic inequality, climate change, and conflict risks. Urgent action is needed to address these issues and allocate resources to those most in need. The article also discusses the impact of the COVID-19 pandemic on poverty reduction and introduces the concept of the "poverty premium," where poor individuals face additional costs in accessing goods and services. It provides examples of the poverty premium, such as higher prices in remote areas and limited access to transportation and financial services. The article explores the effects of poverty on health and decision-making and suggests policy measures like agricultural development, education and infrastructure investment, and expanded social protection coverage to tackle the poverty premium. [Extracted from the article]
- Published
- 2024