Wolrd Bank conference kicks off in Singapore
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Conference on East Asian Development 2011, an annual regional development conference jointly organized by the World Bank and the Institute of Policy Studies this year, has been launched in Singapore.
The two-day conference reviewed the role of the region, challenges it may face in its rise to be a global locomotive for development, enhancement of skills and education for further innovation and the future of the regional green growing approach.
The event, including four sessions of panel discussions, is joined by experts, economists and businesses from all over the world, covering almost all themes and approaches for the regional sustainable economic development.
With a one-minute condolences offered for Japan and its people who have suffered from a major earthquake and the subsequent tsunami, K.Kesavanapy, director of the Institute of Southeast Asian Studies in Singapore, emphasized the risks and uncertainties the region is likely face in the rise to be the global new economic growth engine.
Not only do the new risks destabilize growth and devastate regional effort, but also put more pressure on the current inflationary trends with the recovery of then global recovery and Japan reconstruction work, causing prices of commodities to spiral up.
On the road to be the world’s new economic growth engine in the 21st century, the region is also likely to face low demographic growth, economic gap between nations, infrastructure inadequate, corruption and poor governance, investment financing capacity, and climate change’s impacts.
