I iz suffering from sore eyes! Cool ayt? Now I cant even work properly on my system! Uuh imagine, trying to open your laptop just to work with ONE eye only. Nice noh? Vary vary vary nice. :(( Missed a lot of activities, quizzes and even exams because of this stupid sore eyes. Nice noh? nice kaayo! :( lagota lage. back to work!
DEFENSE next week :((
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Martes, Mayo 8, 2012
Linggo, Mayo 6, 2012
ADB (Asia Development Bank) tasked with reducing income gaps while retaining growth?
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| ADB (Asian Development Bank) in Mandaluyong City |
The head of the Asian Development Bank said Saturday the bank faces a big challenge of reducing growing income gaps while maintaining its position as a major driver of global economic growth.
''How to make (the member states') economic growths much more inclusive, benefiting all the people and reducing the income inequality, while retaining high growths,'' is a big challenge for the ABD, said the bank's president, Haruhiko Kuroda, at a press conference at the end of its two-day annual meeting in Manila.
Kuroda said the issue was one of the major topics discussed by representatives of 67 countries at the meeting held at a time economies in the Asia-Pacific region managed to maintain its growth momentum amid weak global demand due to the 2008 financial crisis and the eurozone debt problems.
''Poverty, although declining, remains the region's number one challenge,'' Kuroda said, referring to a situation where the region's growth has often masked the fact that Asia is still home to a large number of poor and that the benefits of growth are not necessarily widely shared.
''We could further improve our operations so as to foster more inclusive growth in our developing member countries,'' Kuroda said.
The bank said in its latest report that while developing Asia has made great strides in raising living standards and reducing poverty, swelling income disparities threaten to undermine that success.
According to a simulation by the ADB, inequality increased from the early 1990s to the late 2010s in 11 countries in Asia despite its overall economic growth. If the worsening inequality had not happened, about 240 million more people, or 8 percent of the total population in the 11 countries, would have been saved from poverty, the simulation showed.
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