Development challenges in the fastest growing Asian countries
Over the period from 2001 to 2017, 14 countries in Asia recoded an average annual GDP growth rate of more than 6%. The fastest growing Asian countries experienced rapid economic growth as a result of implementing various development strategies. Besides, to a different extent, they used their economic success to improve the standard of living of their citizens. After 17 years of fast economic growth they still face many development challenges. Among them, the most important are: elimination of extreme poverty among employees, reduction of income inequality in society, improving the standard of living and quality of life of citizens especially in rural areas, ensuring a better access to high quality maternal and child health services, and increasing access to social services for the whole society.