Governments must invest, plan and safeguard against things like that. At the same time, this region needs to increase the number of good jobs and education to prepare for fast-growing populations in cities.
I think this is an issue that should not be politicized but has to be addressed with clinical objectivity.
Strong economic growth alone won't solve the problem.
Despite all of this, we continue to be cautiously optimistic on developing Asia.
We are already witnessing major strains in many of our developing countries,
We will have to revise our projections downwards if oil prices remain at 70 dollars a barrel.
The healthy expansion is expected to continue drawing on strong internal dynamics, particularly, growth in the PRC and structural improvements in South Asia.
Just look at the organized sector of the economy in a country such as India, which employs less than 10 percent of workforce, you are worrying about this when there is a multitude of people completely being bypassed.
In Asia, for a long time we have been in denial about the sustainability of high oil prices. There is tremendous potential for Asia to improve efficiency.
Rapid poverty reduction requires not only high rates of economic growth but also that the benefits of this growth be distributed more equitably.
