Sustaining Asia’s Economic Recovery in the 21 st Century 7 th Asia Economic Forum Phnom Penh, Cambodia 31 July 2011 Dr Thein Swe.

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Presentation transcript:

Sustaining Asia’s Economic Recovery in the 21 st Century 7 th Asia Economic Forum Phnom Penh, Cambodia 31 July 2011 Dr Thein Swe

1: Developing countries are contributing more to global growth Source: World Bank, World Development Indicators 2011.

2. Challenges to sustain Asia’s economic recovery Poverty and inequalities Gap between surging economies & poverty Competition for natural resources Economic and social disparities Environmental challenges Transparency, Accountability & governance The “middle income trap”

3: Three types of economies in Asia Low income/growth economies (LGE) High growth middle income economies (MIE) High-income developed economies (HIDE)

4: Low Income Economies market share in global market Source: 2011 World Development Indicators, World Bank.

5: Inequality is increasing in Asian Countries G i n i C o e f f i c i e n t Change Country Initial Year Final Year ( % ) Source: World Bank, World Development Indicators, 2011.

6. Primary Commodity Prices started to rise again from Source: World Bank Commodity Price Data

7: Avoiding the middle income trap Source: IMF World Economic Outlook, October 2010.

8: Stages of Industrialization

9: Firms in East Asia and South Asia have the lowest tax rate Source: World Bank, Doing Business 2011

10: Rankings on Ease of Doing Business Singapore11 Thailand1916 Malaysia2123 Viet Nam7888 Indonesia Cambodia Philippines Lao PDR Source: World Bank, Doing Business 2011, November 4, 2010.

The End