In January 2017, the Oxfam reported that eight men have an aggregate wealth equivalent to the assets of 3.6 billion people who constitute the poorest half of the world. Out of 10, one survives on less than US $2 a day. These figures from Oxfam prove the deepening problem of inequality across the globe. The…
Social protection in modern society varies from one country to another. While the ultimate goal of protecting the poor from vulnerabilities, shocks and risks is shared, the approaches to implementing social protection are not exactly standard. As the World Bank argues, implementing social protection instruments — from social insurance, social assistance to labor market interventions…
Hong Kong is one Four Asian Tigers. Its economy is among the world’s strongest and its market, ranked the world’s freest. With no debt, its foreign reserves run around US$370 billion, making it undeniably one of the region’s most robust. But this rosy picture of economic growth does not provide a fuller perspective of Hong…
Aging in Perspective Issues on aging revolve around the concepts of family, financial security, and institutional support. They stare us in the face from the inability to increase and sustain public transfer of resources from what the Asian Development Bank (ADB) terms as “surplus working ages” to the “age deficits”, which include the elderly (Park…
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