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International report

Increase minimum wage to boost sales in home markets, UN tells Asian countries

Audio 02:57
Myanmar's President Thein Sein attends the opening ceremony of the 69th Commission Session of the Economic and Social Commission for Asia and the Pacific (ESCAP) at the United Nations building in Bangkok April 29, 2013.
Myanmar's President Thein Sein attends the opening ceremony of the 69th Commission Session of the Economic and Social Commission for Asia and the Pacific (ESCAP) at the United Nations building in Bangkok April 29, 2013. Reuters/Chaiwat Subprasom

The United Nations has urged Asian countries to find a new growth model as they can no longer rely solely on exports to the West to boost GDP. The UN's Economic and Social Commission for Asia and the Pacific (ESCAP) says these countries should try to increase domestic consumption. It says one way to do this is to increase the minimum wage and put more money into the hands of some of the world's poorest people.

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