August 8, 2007 (LPAC)--The Asian Development Bank's annual statistical publication, Key Indicators 2007, released recently, has pointed out that the globalization and economic liberalization-led economic policies adopted by the Asian nations since early 1990s have increased both absolute and relative inequality between the rich and poor, as well as internal violence. The report corroborates the observation made by LaRouche years ago about the dangers posed by the economic models adopted by Beijing and New Delhi.

The difference of incomes between the rich and poor has increased since the 1990s. By contrast, the economic developments, prior to the days of "globalization" and "economic liberalization" undertaken by two of Asia's newly-industrialized economies, the Republic of Korea and Taiwan, had balanced growth which raised the standard of living of the poor.

In several cases, slow growth in rural incomes has resulted from weaknesses in public investments in rural infrastructure and a policy environment that has kept private investment away. Meanwhile, growth in urban areas has been insufficient to absorb surplus labor from rural areas. Instead, new opportunities generated by urban growth in developing Asia have favored the highly-educated, further aggravating the earnings gap between the rich and poor.