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

2. 1: Developing countries are contributing more to global growth Source: World Bank, World Development Indicators 2011.

3. 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”

4. 3: Three types of economies in Asia Low income/growth economies (LGE) High growth middle income economies (MIE) High-income developed economies (HIDE)

5. 4: Low Income Economies market share in global market Source: 2011 World Development Indicators, World Bank.

6. 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.

7. 6. Primary Commodity Prices started to rise again from 2009-2010 Source: World Bank Commodity Price Data

8. 7: Avoiding the middle income trap Source: IMF World Economic Outlook, October 2010.

9. 8: Stages of Industrialization

10. 9: Firms in East Asia and South Asia have the lowest tax rate Source: World Bank, Doing Business 2011

11. 10: Rankings on Ease of Doing Business 20112010 Singapore11 Thailand1916 Malaysia2123 Viet Nam7888 Indonesia121115 Cambodia147145 Philippines148146 Lao PDR171169 Source: World Bank, Doing Business 2011, November 4, 2010.

12. The End