PBEC Leading Speaker Series - Dinner 13 Jan 2014
Competition and Competitiveness: The Challenge for Asia
Join us for an intimate evening of meaningful discussion about one of the most compelling issues of the day … Competition in Asia. The Global Financial Crisis and its aftermath have created a new normal with slower economic growth, disruptions to trade, battered financial systems, and policy uncertainty in major economies. Competition has become tougher and improving competitiveness has become more important than ever before.
As others have faltered, Asia has been a comparative bright spot, and the world is looking to Asia to be a prime engine of economic growth. However, there is good reason to believe that the next phase of Asia’s development may be more difficult than the last.
Asia will have to generate more of its own demand than has been the case previously. Only a few Asian economies have moved beyond the middle income level and the reality is that Asian economies are far less competitive than traditional competitiveness indices would lead us to believe. Well-trained people are in short supply, governance structures need improvement, regional economic integration is limited, and Asian financial systems remain, on average, underdeveloped.
The key question is how economies in Asia can prosper in this challenging environment.
Professor Michael Enright, a leading expert on Asia’s development, and a leading adviser to governments, corporations, and multilateral agencies, will address what Asia needs to do to improve competitiveness and meet the new competitive challenges.