East Asia and Pacific remains the world’s growth engine despite a challenging external environment, with developing economies growing by 7.2% in 2013. The proportion of people living in poverty in the region has steadily declined—less than 10% of the population lives on $1.25 a day—but much more needs to be done as there are still close to half a billion people living on $2 a day.
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November 24, 2014 — In Myanmar, people spend more than 60% of their income on food. A majority of those in rural areas live close to the poverty line and are at high risk of falling into poverty whenever rice prices fluctuate.Read More »
November 24, 2014 — Vietnam needs to rely more on productivity gains driven by innovation to boost its economy, according to a new joint study by the World Bank and the Organization of Economic Co-operation and Development (OECD).Read More »