It’s estimated that in the Philippines, just 40 of the country’s richest famillies account for, control and enjoy the benefits of 76 per cent of annual production; in Thailand, the figure for the 40 wealthiest families is 34 per cent. However, wealth is spread much wider in other Asian nations. In Japan, the equivalent figure is less than 3 per cent.
This is from analyst Martin Spring from his On Target Newsletter (no link available).
Inclusive growth? Guess who benefits most from a central bank induced property and financial market boom?
Hi, what does this mean?
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