Abandoning Asia’s Poor

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The Asian Development Bank, whose mission is to reduce poverty, has adopted a new long-term strategy that leaves social protection, housing, employment, and labor rights off the agenda. The ADB's new focus on business-friendly regulations and removal of market "barriers" may be pro-growth, but that won't be enough to improve most people's daily lives.

NEW YORK -- More than half of Asia’s population -- 1.8 billion people -- live on less than $2 a day; more than 600 million of them try to survive on less than $1 a day. With food prices now soaring, most of Asia’s “working poor,” who are already struggling on degraded lands, in sweatshops, on streets and at homes, risk further destitution.

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