World Economic Forum on East Asia opened in Indonesia

The World Economic Forum on East Asia was officially opened in Indonesia’s capital city of Jakarta on Sunday by President Susilo Bambang Yudhoyono, in which he stressed the importance of Asian strength in helping the world in sustaining a strong and sustainable economic growth.

Yudhoyono said that Asia’s moment has come with a much brighter future lying ahead. “But we cannot take these things for granted.”

He suggested several ways for Asia to become a continent of the future.

First, he said, Asia must be part of the solution to address the global imbalances.

He said the world’s economy cannot afford to rely on strong growth in emerging economies alone. “We need healthy growth globally, including the developed world. One way or another, we all need to make structural adjustments to correct the global imbalances. Asia — more than any other regions — can help achieve a strong, sustainable and balanced world economy. Asia must also lead the way to keep markets and societies open,” he said.

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Categories: Indonesia

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