Social Development and Poverty
In the Spotlight
Asia’s growing labor force needs innovative solutions to reduce risks and ensure social protection of workers in vulnerable employment with informal arrangements.
The region will have one of the largest populations of elderly anywhere in the world in a few decades. Governments in Asia are generally poorly prepared for this vast change that will have wide social and economic consequences.
Asia and the Pacific led the way in 2015 with nearly 30 per cent of the world's total foreign direct investments while trade growth decelerated to 2.3 per cent, says latest ADB report on economic integration. Read the report
The Philippine Government has adopted a 25-year long-term vision as a guide for development planning. ADB supports the visioning exercise, which aims to ensure a prosperous Philippines where no one is poor by 2040.
Despite the extraordinary gains made in living standards in Asia and the Pacific, hundreds of millions are still excluded from the benefits of rapid economic growth. Without access to basic social services, they are vulnerable to illness, unemployment, and the region’s increasingly devastating natural disasters. A social development agenda involves people and their communities, organizations, institutions, societies, and governments in all poverty relief activities. The aim is to reduce poverty, inequality, and vulnerability among the poor.