Rising inequality, crony capitalism threaten Southeast Asia’s growth: report
Economic growth across Southeast Asia is increasingly being overshadowed by widening inequality and entrenched corruption, with discontent now spilling onto the streets, according to a new Oxfam report released just a day after Asean leaders concluded their annual summit in Kuala Lumpur. The study, titled “An Unequal Future: Asia’s Struggle for Justice in a Warming, Wired World” and released on Wednesday, found that the richest 10 per cent of Asians took between 60 and 77 per cent of national...