In The News
- 14 May 2009
During the Commission session, ministers and senior officials from across the region recognized that the triple threat of economic crisis, food-fuel price volatility and climate change could roll back development gains. They reconfirmed the development paradigm that economic recovery should be inclusive and sustainable, with consensus on the need to respond to threats with systemic changes and deeper reforms. The various fiscal stimulus packages, pro-poor food security measures and policy reform undertaken by governments in the region provided an excellent opportunity for this. The meeting identified a number of areas for urgent action, including, establishment of more stable and durable exchange rate systems at the regional level, the possible establishment of an Asian Monetary Fund, and development of social security systems to catalyze domestic demand and recovery.
- 11 May 2009
We are living through a global economic crisis of a scale not seen since the Great Depression. The biggest blow to the Asia Pacific region came at the end of 2008, when exports orders plummeted, related financing disappeared, and unemployment skyrocketed. As many as 23 million people, particularly young women employed in the export-oriented manufacturing sector, are projected to lose their jobs while millions more will experience rising income insecurity.
- 9 Mar 2009
It would be difficult enough for the Asia-Pacific region, or any region for that matter, to deal with the fallout of just one global crisis. Yet, our region now finds itself dealing with three major global crises: a Great Recession, food and fuel price volatility and a range of climate change calamities. These three crises converged in 2008. How they are dealt with in 2009 will influence the future path of development in the Asia-Pacific region, and through that, the lives of billions of its peoples.
- 2 Mar 2009
Bangkok (Asiantribune.com): Many believe that decades of talk about development and the thousands of tomes on models of development that have emanated from international organisations and development institutions the world is indeed a far better place to live in today.
- 9 Jan 2009
Combating and adapting to climate change is one of the most important missions of our generation - and it is one that has a special significance for Asia and the Pacific. The business community must be part of the solution in shaping a greener low carbon economy.