Parts of Asia, like Singapore and Hong Kong, have booming economies, and others have state-of-the-art and futuristic technology. For example, the Toyota Corporation revealed in January 2020 that it will build a sustainable city of the future near Mount Fuji in Japan. About 2,000 people will initially live in the city, which is planned to completely run on hydrogen fuel cells and use robotics, self-driving cars, and artificial intelligence. Poverty Asia has a fast-growing economy and is noted for its amazing business ventures, like China’s Beijing Daxing International Airport, which has the world’s largest terminal, designed to handle over 70 million passengers per year. The airport took less than five years to build and cost $17 billion. On the other hand, Asia is also a continent experiencing extreme poverty. Nearly half of its people live on less than $2 per day. After Africa, Asia is the second poorest continent. Not all Asian countries are poor, but in several nations, there are wide gaps in economic conditions. Several factors contribute to poverty in Asia.

There is a widening gap between the rich and poor throughout Asia.


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