Rain or shine, Asia needs a better umbrella of social protection
OECD Insights Blog (19.06.2017) An Indonesian proverb says that a firm tree does not fear the storm. After the Asian Financial Crisis of 1997/98, Asian economies recovered with strong economic growth (on average 4.2% annually), which over the past decade has contributed to a decline in “absolute poverty” – here defined as those with incomes of less than USD 2 per day.