- News>
- World
Asian Economic Summit for ways to build economic momentum
Singapore, Mar 01: Asian government, business and civil leaders will debate how to increase economic growth in the region, which is already outperforming the rest the world, when they gather in Singapore in October, the World Economic Forum`s Asia director said today.
Singapore, Mar 01: Asian government, business and civil leaders will debate how to increase economic growth in the region, which is already outperforming the rest the world, when they gather in Singapore in October, the World Economic Forum's Asia director said today.
Frank-Juergen Richter said the East Asia Economic Summit,
Asia's equivalent of the annual World Economic Forum in Davos,
Switzerland, will also focus on geopolitical developments,
including the fallout from the Iraq crisis and the rising
importance of Islam.
While other regions have slowed economically, Asia has generally continued to grow driven by rapid development in China, he said.
The summit to be held Oct. 12-14 will grapple with how to manage crises in a world where people have lost trust in business, governments and international organizations, Richter said.
He noted surveys showed trust in religious groups has risen.
"What we saw in Davos was international institutions that we used to believe in like Nato, the United Nations and the World Trade Organization have lost their appeal and people do not trust them anymore," Richter told reporters.
"We will integrate discussions on the clash of civilizations, religion, and role of Islam. These are all important elements because we know business is not being conducted in a room of clear determining factors," he said.
While other regions have slowed economically, Asia has generally continued to grow driven by rapid development in China, he said.
The summit to be held Oct. 12-14 will grapple with how to manage crises in a world where people have lost trust in business, governments and international organizations, Richter said.
He noted surveys showed trust in religious groups has risen.
"What we saw in Davos was international institutions that we used to believe in like Nato, the United Nations and the World Trade Organization have lost their appeal and people do not trust them anymore," Richter told reporters.
"We will integrate discussions on the clash of civilizations, religion, and role of Islam. These are all important elements because we know business is not being conducted in a room of clear determining factors," he said.
Bureau Report