Global recession and assets disparities between the poor and the rich in Taiwan: Building Assets for All
Since the mid-1990s, Taiwan has suffered sluggish economic growth as a result of a economic breakdown in 1997. Consequently, the economic growth was slowed down and witnessed a sharp decline in asset values, falling real wages, and rising unemployment rates. Years of neglect in providing basic services by government have devastatingly impacted the lives of needy citizens during this staggering economic recession. This paper outlines the growing assets inequality between the rich and the poor after the global recession and describes the impacts of an anti-poverty program based on assets accumulation on the lives of the poor by providing matched savings.
