World Economic Forum on East Asia 2011
Jakarta, Indonesia, 12-13 June 2011
Responding to the New Globalism
Robust economic growth and an improved investment climate have underpinned the economic recovery of the Association of Southeast Asian Nations (ASEAN), buoyed by an emerging market of nearly 600 million consumers. The planned economic integration by 2015 will see ASEAN emerge as the world’s 10th largest economy. As Chair of ASEAN in 2011, its largest economy and a member of the G20, Indonesia is the ideal location to host the 20th anniversary of the World Economic Forum on East Asia, convening leaders from business, government and civil society to address the region’s key challenges.
The world needs to create a “new globalism” by implementing governance reforms that would help create a fair international system that would allow countries to cope better with the pressures of globalization, Thai Prime Minister Abhisit Vejjajiva told participants in the closing session of the 20th World Economic Forum on East Asia. Read more | Watch the session
“What I think is lacking, in varying degrees, is a sense of urgency. We have four and a half years to go and we have a long way to go,” commented Rajat M. Nag, Managing Director-General, Asian Development Bank, Manila, in a plenary session on Inclusive Asia: Reinvigorating the Millennium Development Goals. Read more | Watch the session
The cost of building power plants, transportation hubs, telecom facilities, water systems and other infrastructure across Asia will exceed US$ 8 trillion over the next 10 years, participants in the World Economic Forum on East Asia in Jakarta heard today. Read more | Watch the session
In the opening ceremony of the 20th anniversary World Economic Forum on East Asia, the leaders of Indonesia and Singapore called on business leaders to work together with government to drive new growth through innovation and push for greater openness in their economies.
Read more | Watch the session
“The number-one risk is deglobalization – the failure of the global system to cope with the complex issues we are confronted with,” cautioned Klaus Schwab, the Forum’s Founder and Executive Chairman, in a plenary session on how Asia is responding to global risks.
Read more | Watch the session
The launch of the Indonesia Competitiveness Report takes a close look at Indonesia's fast-growing economy and explore the opportunities and challenges facing the nation.
Watch the interview with author, Thierry Geiger | Read the report
Facts on East Asia, courtesy of PwC
Knowledge Concierge for the World Economic Forum on East Asia consisting of fast facts on subjects relating to the themes of the meeting. Learn about Asia's natural disaster costs, China's power generation and the top concerns plaguing Asian CEOs.
Hear from Sushant Palakurthi Rao, Director and Head of Asia at the World Economic Forum, along with several of our event co-chairs on what Responding to the New Globalism means and what they most look forward to addressing during the World Economic Forum on East Asia.
View our photo gallery from the World Economic Forum on East Asia. See the full set and photos from other events on Flickr.