Source: www.hitachi.com
Topic: China's Economic
Sort Desciption: WHAT CHINA AND INDIAS ECONOMIC DEVELOPMENT CAN BRING TO ASIA MONAY, JANUARY 22, 2007 by M.R. Sukhumbhand Paribatra Former Deputy Foreign Minister (Panel speaker, Chairperson of student selection ...
Content Inside:
WHAT CHINA
AND INDIAS
ECONOMIC
DEVELOPMENT
CAN BRING
TO ASIA
MONAY, JANUARY 22, 2007
by
M.R. Sukhumbhand Paribatra
Former Deputy Foreign Minister
(Panel speaker, Chairperson of
student selection panel
from Thailand)
Thank you Mr Chairman, Excellencies, ladies and gentlemen. It is a great honour
and pleasure for me to be present at the 8th Hitachi Young Leaders Initiative. I
would like to thank Hitachi for their invitation and hospitality.
As someone who has been involved in this process since the beginning, I am
very happy that Hitachi is organising this 8th conference, and I am very happy
also that Vietnam has been invited to join the process. I would like to take this
opportunity to offer my congratulations to both Hitachi and Vietnam.
Today, I will be addressing the question: "What can Chinas and Indias
economic development bring to Asia?"
There are two parts to this question.
The first is: "what has Chinas and Indias economic development already
brought to Asia?"
I think it is beyond doubt that Asia as a whole has benefited from the opening
up of China from the late 1970s and early 1980s, and the opening up of India
from the early 1990s. Where economics is concerned, I think the successes of
China and India have been a great impetus for economic growth in Asia, just at
a time when the initial impetus generated by first Japan and then the four tigers
- Korea, Taiwan, Hong Kong and Singapore - was just slowing down. Also,
with the large reservoirs of manpower available both in China and India, there
are very good prospects that there will be continued investment from outside the
region, and that there can be sustained growth over a longer period.
Asia has benefited from the fact that the successes of China and India have
helped to shift the balance of economic power from the U.S. and Europe, which,
in the post-Cold War world, also means a shift in the political and diplomatic
balance of influence.
Whe ...
china and india rapid economic development