By contrast to Latin America, countries in East Asia have managed to achieve a low level of private sector inequality. The literature credits heavy investment into broad-based education and egalitarian labour market policies for this success, as well as lower levels of asset inequality The two East Asian countries with available data – Republic of Korea and Taiwan, Province of China – have in fact by far the lowest pre-tax, pre-transfer inequality among all 25 countries in the sample. This reduces the need for redistribution, and despite only mildly redistributive tax and transfer systems, inequality of disposable incomes remains relatively moderate (see Figure 1).