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Sustaining Asia ‘s Economic Recovery: Challenges and Opportunities Dr Thein Swe Payap University Chiang Mai, Thailand. 6 th Asia Economic Forum Phnom Penh,

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Presentation on theme: "Sustaining Asia ‘s Economic Recovery: Challenges and Opportunities Dr Thein Swe Payap University Chiang Mai, Thailand. 6 th Asia Economic Forum Phnom Penh,"— Presentation transcript:

1 Sustaining Asia ‘s Economic Recovery: Challenges and Opportunities Dr Thein Swe Payap University Chiang Mai, Thailand. 6 th Asia Economic Forum Phnom Penh, Cambodia. January 20 – 21, 2010

2 Table 1 World Economic Outlook Projections (percent change) ProjectIon 2007 2008 2009 2010 World Output……………………… 5.2 3.0 - 1.1 3.1 Advanced economies……………. 2.7 0.6 - 3.4 1.3 United States …………………… 2.1 0.4 - 2.7 1.5 Euro area ………………………. 2.7 0.7 - 4.2 0.3 Japan …………………………… 2.3 - 0.7 - 5.4 1.7 Emerging and developing economies 8.3 6.0 1.7 5.1 Developing Asia………………… 10.6 7.6 6.2 7.3 China …………………………… 13.0 9.0 8.5 9.0 India……………………………… 9.4 7.3 5.4 6.4 Asean – 5 …………………………. 6.3 4.8 0.7 4.0 ( Indonesia, Malaysia, Philippines, Thailand & Viet Nam) Source: World Economic Outlook IMF 2009.

3 Table 2 Real Gross Domestic Product (GDP) (Annual percent change) Country2004200520062007200820092010 Australia3.82.8 4.02.40.72.0 Japan2.71.92.02.3-0.7-5.41.7 New Zealand4.52.82.03.20.2-2.22.2 Singapore9.37.38.47.81.1-3.34.1 Korea4.64.05.25.12.23.6 Malaysia6.85.35.86.24.6-3.62.5 Thailand6.34.65.24.92.6-3.53.7 China10.110.411.613.09.08.59.0 Philippines6.45.05.37.13.81.03.2 Indonesia5.05.75.56.36.14.04.8 Viet Nam7.88.48.28.56.24.65.3 India7.99.29.89.47.35.46.4 Cambodia10.313.310.810.26.7-2.74.3 Source: World Economic Outlook, October 2009, Sustainng the Recovery, International Monetary Fund, 2009.

4 Table 3 Direction of Trade: Merchandize Exports (Percent of Total Merchandize Exports) CountryAsiaEuropeN & C AmericaMiddle EastOthers 1990200819902008199020081990200819902008 Singapore47.266.117.210.123.010.02.62.510.111.2 Korea34.051.015.515.633.416.23.05.314.111.9 Malaysia58.060.916.611.718.115.02.53.54.98.9 Thailand37.954.725.314.925.313.25.4 6.211.9 China68.340.314.723.710.022.02.34.44.79.5 Philippines34.867.918.811.440.214.41.61.04.55.2 Indonesia64.463.512.812.713.810.93.03.76.09.2 Viet Nam39.139.848.120.60.622.00.90.611.217.0 Lao PDR85.264.811.111.41.72.80.00.12.020.9 India21.035.447.222.716.315.27.115.88.310.9 Cambodia90.911.07.818.90.447.80.121.30.71.0 Source: ADB Key Indicators 2009.

5 Table 4 Gini Index, A Measure of Income Inequality / 1 HDIGDP per capitaShare of IncomeInequality Measures CountryRank2009US$ PPPPoorestRichest Richest 10% toIndex 10% Poorest 10% Norway10.971$54,4333.923.46.125.8 Australia20.960$34,9232.025.412.535.2 Japan100.960$33,6324.821.74.524.9 USA130.956$45,5921.929.915.940.8 New Zealand200.950$27,3362,227.812.536.2 Singapore230.944$49,7041.932.817.742.5 Korea260.937$24,8012.922.57.831.6 Malaysia660.829$13,5182.628.5`11.049.2 Thailand870.783$8,1352.633.713.142.0 China920.772$5,3832.431.413.246.9 Philippines1050.751$3,4062.433.014.144.5 Indonesia1110.734$3,7123.032.310.834.3 Viet Nam1160.725$2,6003.129.89.737.8 Lao PDR1330.619$2,1653.727.07.334.6 India1340.612$2,7533.631.18.636.8 Cambodia1370.593$1,8023.034,211.541.7 SOURCE: UNDP Human Development Report 2009.

6 Table 5 Gross Domestic Saving (Percent of GDP) Country20042005200620072008 Australia23.623.925.626.327 Japan24.024.6 24.2n.a. New Zealand24.022.822.022.9n.a. Singapore47.148.850.352.450.0 Korea34.132.331.030.930.3 Malaysia43.442.843.142.042.2 Thailand31/730.932.434.133.2 China45.646.647.849.950.4 Philippines21.221.020.120.819.2 Indonesia24.927.528.728.130.6 Viet Nam28.530.330.629.226.6 India31.734.235.737.7n.a. Cambodia8.59.913.816.130.3 Source: ADB Key Indicators 2009.

7 Table 6 THREE SCENARIOS TO REDUCE POVERTY AND INEQUALITY SCENARIO ONE Increasing Income SCENARIO TWO Reduce Income Inequality SCENARIO THREE Increase Social Mobility and Space

8

9 EAS (ASEAN + 6) - Australia - New Zealand - India ASEAN+3 - Japan - Republic of Korea - People’s Republic of China ASEAN - Philippines - Thailand - Malaysis - Myanmar - Singapore -Lao PDR - Indonesia -Cambodia - Brunei Darussalam - Viet Nam Focus on the core Regional Cooperation Source: Emerging Asian Regionalism, ADB 2008


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