Asia's widening income gap threatens to ignite tensions

Warnings of social and political tensions resulting from a widening income gap between Asia's rich and poor pervaded a meeting of key political and business leaders Monday. "There is an Asia that is growing well and another that is struggling behind," Rajat Nag, managing director of the Asian Development Bank, told the World Economic Forum on East Asia.

This "has in itself the seeds of some very grave social tensions and political tensions which actually can threaten the entire prosperity of this region," he said.