Even though the signs of recovery from the financial crisis are strongest in Asia and the region is touted to be the most likely source of economic growth globally, rural poverty remains rampant.
“The focus on agriculture is absolutely essential,” says Nobel Laureate Joseph Stiglitz, referring to developing agrarian countries in Asia, in particular Myanmar (Burma), where he was invited by the United Nations Economic and Social Commission for Asia (ESCAP) to advise on the country’s economic policy and rural poverty alleviation.
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A well written article, which explains in very simple language, the urgent need for emerging economies to change their strategies from depending too much on their natural resources to focusing on other resources such as educating its people, which is just one of the strategies of many that are possible. A good example of a country investing heavily in education is the United Arab Emirates. They are also investing in alternate energies rather than depend on its fossil reserves.
on Apr 17, 2010