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Asia development masks widening inequalities

2014-05-01 22:57:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: ACCORDING to new data from the World Bank, Asias developing economies appear to be even more powerful than was previously thought. As measured by purchasing power parity, Chinas gross domestic product seems poised to overtake Americas as the worlds biggest as soon as this year. India has leapfrogged into third place, and Indonesia rounds out the top 10. Predictably, headlines around the region are crowing about the beginning of the long-awaited Asian Century. Yet a darker story underlies...

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