Bridging the gap between rich and poor, from the Indian subcontinent to rural Thailand
Economic growth in South-East Asia is the strongest of any region in the world, with annual GDP growth exceeding five per cent. Yet rather than bridging the gap between rich and poor, this wealth has deepened inequalities.
The path to equality is long, but in parts of Asia the journey has begun. In India, the 2019 election showed how equal voting rights can bring legitimacy and cohesion. In Thailand, meanwhile, healthcare reform has given coverage to 98 per cent of the population.
These seeds of change, when planted, can grow into powerful forces of change that reach every corner of society.
Animation based on an article from David Gaud, Chief Investment Officer Asia, Pictet Wealth Management.