ASIA's emerging markets need to diversify sources of growth to
boost GDP, while the advanced economies gradually rebuild their balance sheets .
The successful economies of Tomorrow will focus on effectively transforming
themselves through growth that reaches more people, especially the poor so, the
growth must be more inclusive, green and knowledge-led.
The
ASEAN Global Dialogue brings together leaders and key officials from ASEAN and
East Asia countries, as well as development partners, to explore challenges and
discuss solutions to a range of issues facing the region, including the ongoing
global financial crisis, climate change, conflicts, and food and energy
security. While the global growth remains sluggish, developing Asia is in better
shape with 6.1% growth expected this year, but the ASEAN economies have shown
particular resilience.
It is
estimated that 420 million Asians will enter the labor market by 2030 and hence
job creation will remain a daunting challenge for the region. Infrastructure
development is essential to job creation efforts, and in response to ASEAN's
massive infrastructure needs the ASEAN Infrastructure Fund was created earlier
this year. Free trade and greater macroeconomic cooperation within the region
will enhance efficiency, strengthen stability and sustain growth.
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