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Inclusive Growth and the Rising Middle Class in East Asia and Beyond

October 11, 2017

MC2-800, World Bank Headquarters

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Have globalization and rapid technological development given developing countries unprecedented opportunities to improve the lives of their citizens, or have they instead just led to an inexorable rise in income and wealth inequality?

The East Asia and Pacific Region has come to symbolize how rapid, broadly shared, growth can improve the lives of millions. Yet past successes also mean that expectations are running high that growth will continue to deliver significant improvements in welfare in an increasingly challenging global environment. Concerns have also been raised about a possible growing divide between the prospering middle-class and pockets of the poor and vulnerable left behind. This panel discussion brings together senior policymakers and policy analysts from East Asia and beyond to talk about their countries’ recent experiences and lessons learned in this area.

Speakers

Minister of Finance, Indonesia

Managing Director, International Monetary Fund

Carolina Sánchez-Páramo

Global Director, Poverty and Equity Global Practice, World Bank Group

Center for Global Development, Senior Fellow and President Emeritus

Treasurer and Deputy Prime Minister, Papua New Guinea

Minister of Finance, Republic of Serbia