WEF East Asia summit focuses on inflation control, price instability

The East Asia summit of the World Economic Forum (WEF) 2012 that kicked off in Bangkok on Thursday emphasised the need to continue adjusting growth schemes to match the economic situation post the 2008-09 global meltdown.

Updated: Jun 01, 2012, 16:02 PM IST

Zeebiz Bureau

Bangkok: The East Asia summit of the World Economic Forum (WEF) 2012 that kicked off in Bangkok on Thursday emphasised the need to continue adjusting growth schemes to match the economic situation post the 2008-09 global meltdown.

The forum’s theme this year is "Shaping the Region's Future through Connectivity".

The forum has advocated for implementation of effective financial policies to control inflation, capital flow and price fluctuations. It has insisted on regional members to enhance their ability to cope with emerging development challenges in this regard.

Under its agenda, the Association of Southeast Asian Nations (ASEAN) has been asked to continue its goals towards food security, water and energy, alongside shortening the development gap. The ASEAN has also been asked to keep its focus steady on completing the Millennium Development Goals.

With Agency inputs