Steven Green, Former U.S. Ambassador to the Republic of Singapore; Managing Director, Greenstreet Partners
Cecilia Chan of Octonovem analyzes the enormous growth potential of Asian markets.
A decade after the devastating Asian Financial Crisis, the region's economy has staged a strong comeback. Despite a fast-cooling global economy, developing Asia projects 8.6 percent growth this year. Some observers believe the "miracle" of the 1970s and 1980s has returned. Emerging Asian economies have become vital components of the global market, accounting for more than a third of world trade flows. But unlike the 1970s and 1980s, this growth period is largely the result of increased regional trade integration, with China serving as the hub for manufactured goods. While the Association of Southeast Asian Nations (ASEAN) aspires to create the level of economic cooperation achieved by the European Union, many issues remain unresolved, including shipping security, terrorism and border disputes. Can the 10 members of ASEAN work with China and India, the region's emerging growth engines, to establish a stability that will promote prosperity and political reform throughout Asia? This panel provided an overview of the challenges and opportunities.
Global Conference 2013
Former Prime Minister Tony Blair, philanthropist Bill Gates and Strive Masiyiwa of Econet Wireless discuss advancing prosperity in Africa.
