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from the people against injustice in the society

Archive for August 9th, 2007


Posted by ajadhind on August 9, 2007

BEIJING: The gap between rich and poor in China and other Asian countries is growing, hurting anti-poverty efforts and possibly fueling unrest, the Asian Development Bank said in a report Wednesday.

China has had Asia’s second-biggest and second-fastest-growing wealth gap since the 1990s, exceeded only by war-wracked Nepal on both counts, the bank said in an annual survey.
China has seen thousands of protests in recent years, some of them violent, over land seizures and other economic grievances blamed on the growing gap. The communist government has made improving incomes for the poor a priority, warning last year that inequality has reached “alarming and unacceptable” levels.

“High inequality, particularly high absolute levels of inequality, leads to a disruption in social cohesion. You could have street demonstrations which could lead to violent civil wars,” Ifzal Ali, the bank’s chief economist, said at a news conference.

Ali said it was inappropriate to speculate when asked whether China should expect worse unrest. But he cited the experience of Nepal, where he said a recently ended, decade-long civil war was most intense in areas with highest inequality.
Today in Business

Tensions over China’s growing gap between an urban elite, who have profited most from two decades of economic reform, and the poor majority are a key political issue for communist leaders. They have promised to spread prosperity by spending more on social programs for the countryside and the urban poor.

Ali said China’s poorest people have benefited from its boom — which saw the economy expand by 11.9 percent last quarter — but incomes for the richest 20 percent have grown much faster.
Cambodia, Sri Lanka and Bangladesh also saw rapid growth in the gap between rich and poor, the bank’s report said.

China’s Gini coefficient, a measurement of inequality in income distribution, was 47 in 2004, the most recent year for which figures were available, up from 40.7 in 1993, according to the bank.
That brought China close to the levels of Africa and Latin America, which have the greatest inequality, Ali said.

The growing wealth gap is a byproduct of globalization, which has brought higher incomes to urban, skilled, English-speaking workers in China, India and other countries, the bank’s report said.

It said the gap could slow the spread of prosperity, because the poorest people have less access to education, health care, bank loans and other things needed to benefit from economic growth.
“Increasing inequality lowers the impact of economic growth on poverty reduction,” said Ali.
“We have to invest in creating opportunities, as well as investing in broadening access to opportunities.”

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Posted by ajadhind on August 9, 2007

A corrupt person can live happily in these days . He gets money in a big amount through wrong ways and in this era of globalisation ‘Money is the way to gain happiness’ ? corrupt person rarely faces difficulties , if facees he will make sure that he is out of that within few days and for this he makes others corrupt!![most of the times they are already corrupt].
But what happens to a man with principles.He has to face injustice in every step in public life. Hi is not ready to give money to get his work done and his work get delayed. He can give complaint to higher officers and ministers but most of them are also corrupted!!
More than these difficulties the main hurdles is in home. You take money, build houses, buy lands, invest in real estate no one on the family questions you [ usually] . But you work with principles, no extra money with you,, living in a small rented house [your colleagues in big house] how many of your family member will support you? If you are getting a good salary they may not question you but if you are getting a salary of 5000/- in a big city and you are speaking about principles and against corruption will they support you?

LAST BIT:- We can make our family members happy by earning money in illegal ways at the cost of our happiness; [ applicable only for those who feel guilt of their wrong steps in life], but we can live happily with principles irrespesctive of money in our pockets.

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