Post on 31-Dec-2015
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Sustaining Asia’s Economic Recovery in the 21st Century
7th Asia Economic ForumPhnom Penh, Cambodia
31 July 2011
Dr Thein Swe
1: Developing countries are contributing more to global growth
Source: World Bank, World Development Indicators 2011.
2. Challenges to sustain Asia’s economic recovery
•Poverty and inequalities•Gap between surging economies & poverty•Competition for natural resources•Economic and social disparities•Environmental challenges•Transparency, Accountability & governance • The “middle income trap”
3: Three types of economies in Asia
• Low income/growth economies (LGE)
•High growth middle income economies (MIE)
•High-income developed economies (HIDE)
4: Low Income Economies market share in global market
Source: 2011 World Development Indicators, World Bank.
5: Inequality is increasing in Asian Countries G i n i C o e f f i c i e n t ChangeCountry Initial Year Final Year ( % )
Source: World Bank, World Development Indicators, 2011.
6. Primary Commodity Prices started to rise again from 2009-2010
Source: World Bank Commodity Price Data
7: Avoiding the middle income trap
Source: IMF World Economic Outlook, October 2010.
8: Stages of Industrialization
9: Firms in East Asia and South Asia have the lowest tax rate
Source: World Bank, Doing Business 2011
10: Rankings on Ease of Doing Business2011 2010
Singapore 1 1
Thailand 19 16
Malaysia 21 23
Viet Nam 78 88
Indonesia 121 115
Cambodia 147 145
Philippines 148 146
Lao PDR 171 169Source: World Bank, Doing Business 2011, November 4, 2010.
The End