Cyclone Yasa landfall in Fiji yesterday, carrying destructive winds of up to 345km/h, heavy rain and storm swells, has flattened homes and left major devastation to roads, and vegetation. More than 600,000 people in the South Pacific island nation are now affected, thousands of which are already in evacuation centers as the tropical storm disrupted access to essential utilities including water supply and sanitation facilities, as well as food.
The Asia-Pacific region was a model for ‘growing with equity’ in the 1970s and 1980s. However an economic take-off and market-oriented reforms in recent years has been accompanied by wealth gaps between rich and poor. This report suggests a course for the region’s economies to be defined by inclusive growth and shared prosperity.