
JAKARTA -- One stereotype of Asian cities such as Jakarta and Manila is a stark juxtaposition between sprawling slums and gleaming shopping malls stocked with luxury goods -- an image with some accuracy, going by a new World Bank report.
About 250 million people live in slums across the East Asia-Pacific region, which does not include India, the report found, even as the number of billionaires rose 30% per year from 2002 to 2014.