- 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.
- 1 Dec 2008
The world faces the worst financial crisis in recent memory. The food and energy volatility experienced earlier this year are compounding these problems. Amidst these woes, who wants to hear about corporate social responsibility? It is only natural that the world's attention is turned elsewhere, concentrated on the financial crisis. But we cannot - and must not - do this at the expense of corporate social responsibility. At the core of the financial crisis is a collapse of trust in the capital markets. While lack of accountability, proper regulatory controls and transparency all played a role in this, the main problem appears to be the obsession of financial markets with short-term gains over long-term considerations. There has been insufficient respect for values that encompass ethical dimensions while addressing profitability.