Challenges to Growth + Bubbles Burst

Question 1

List the four challenges to growth

Answer 1

Current:
- Income Inequality
- Environmental Damage

New:
- Digital Economy
- New International Trade Order

Question 2

Why is Poverty still a key concern for Asia despite poverty levels falling over the years

Answer 2

Whilst overall poverty level falls in Asia,
But it is still home to 1.6 billion people who live on $US2.00 a day or less and almost three-quarters of the world’s underweight children.

(Majority of people in poverty is still found in Asia)

Question 3

Economist and policy makers are concerned over reducing poverty as

Answer 3

It has both short term and long term effects to move more of the population to the middle income group