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Dr Thein Swe

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

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Dr Thein Swe

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  1. Sustaining Asia’s Economic Recovery in the 21st Century7th Asia Economic ForumPhnom Penh, Cambodia31 July 2011 Dr TheinSwe

  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 tChange 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 Singapore 1 1 Thailand 19 16 Malaysia 21 23 Viet Nam 78 88 Indonesia 121 115 Cambodia 147 145 Philippines 148 146 Lao PDR 171 169 Source: World Bank, Doing Business 2011, November 4, 2010.

  12. The End

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