Asia poverty reduction report 2020

The  Asian region experiences the most robust social and economic transformation in the con-text of globalization. Since the 1960s, Asia has created the miracle of economic development after the Second World War and embarked on the path of modernization, especially in Asian developing countries. Singapore and Republic of Korea have become developed countries, and Maldives, China, Sri Lanka, Azerbaijan, Armenia and Turkmenistan have achieved the middle-income status.

China in its rapid devel-opment has especially not only changed the development landscape of Asia, but also, to-gether with other Asian countries such as In-dia, turned into the most important force that alters the world’s economic pattern.

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The Asian region experiences the most robust social and economic transformation in the con-text of globalization. Since the 1960s, Asia has created the miracle of economic development after the Second World War and embarked on the path of modernization, especially in Asian developing countries. Singapore and Republic of Korea have become developed countries, and Maldives, China, Sri Lanka, Azerbaijan, Armenia and Turkmenistan have achieved the middle-income status.

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