It is always a cause to mourn when a 13-year-old needlessly dies. Unfortunately, that was the painful fact Thailand has to deal with just recently when Anucha Tasako, who had been a Muay Thai fighter since the age of eight and had competed in 170 bouts, died of a brain haemorrhage at a charity fight near Bangkok last Saturday. He was knocked out by his opponent who was only two years older than him. The prize?

Last week, international non-profit groups Development Finance International (DFI) and Oxfam published a report ranking governments around the world based on their efforts in tackling the gap between the rich and the poor. Noteworthy from that report as far as ASEAN is concerned was the extremely low rating Singapore obtained.

The richest one percent in Thailand controls 58 percent of the country’s wealth and the top 10 percent earned 35 times more than the bottom 10 percent. In Indonesia, the four richest men there have more wealth than the poorest 100 million people, and about 50 percent of the country’s wealth is in the hands of the top one percent. In Vietnam, 210 of the country’s super-rich earn more than enough in a year to lift 3.2 million people out of poverty.

Inequality has become a major political preoccupation in the advanced economies – and for good reason. In the United States, according to the recently released World Inequality Report 2018, the share of national income claimed by the top 1% of the population rose from 11% in 1980 to 20% in 2014, compared to just 13% for the entire bottom half of the population.

From China to India, Asian countries’ rapid economic expansion has lifted hundreds of millions of people out of poverty in recent decades.