Department of Foreign Affairs and Trade Relationships Weakening New Rules Increasing Competition New Finance Needed.

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Presentation transcript:

Department of Foreign Affairs and Trade

Relationships Weakening New Rules Increasing Competition New Finance Needed

Relations under Strain - Many Loans Not Performing

Relations under Strain - Bank Lending Contracting

Competition Increasing Tariff Rates Falling

Competition Increasing Foreign Direct Investment Inflows Increasing

New Finance Sources Needed - Value of East Asian IPOs Rising

Governments Tightening Rules - Checklist of Reporting Requirements

Accounting Standards Variable Index Based on Annual Report Inclusions

High income economies leading Hong Kong Singapore Australia

Good progress in middle income economies Japan Malaysia ROK Taiwan China

Slower progress in emerging economies Thailand Indonesia Philippines Vietnam

Implications for Business? Best opportunities in economies moving to rules based business Listing and disclosure rules set to reduce risk Opportunities to implement ‘regulation revolution’

Summing up Relationship approach set to decline Crisis, competition, finance needs driving move to rules based business Slow progress risky in emerging economies Aid program opportunities Commercial implications significant