Jakarta - Antara-AsiaNet - Regional integration is the only way to generate sufficient economic activity, improve efficiency, heighten competition, attract investments, and thus create jobs and generate disposable income for Asia's peoples, said Asian Institute of Management President, Mr . Francis G. Estrada.
His speech was delivered to Antara News Agencys Jakarta Forum on "Leadership and Management in Difficult Times." "We need to understand our neighbours, our inter-related values and culture, our politics and business practices much better so that we can engage productively with one another," Mr Estrada said.
An integrating "New Asia" must realize that regional flows of goods, finance and technology will reap the benefits of economies of scale, and therefore should make every effort to encourage and abet this regional integration "Asians can sell to and buy from each other - products the manufacture of which can be complementarily sourced from among themselves; products the demand for which are shaped by the distinct design and unique requirements of the Asian consumer." "To improve productivity, Asian manufacturers and technocrats can exchange and transfer technology and ideas among themselves without having to reinvent the wheel for their own individual needs," Mr Estrada said.
Too long has "hardworking Asia" continued to depend on the U.S. household market for its exports, in the recent past getting paid in devaluing U.S. dollars, which our national economies have had to reinvest in the now not too profitable U.S. treasury instruments.
Witness the fact that Asia has been rapidly integrating and transforming itself since the 1990s by creating more competitive and innovative economies.
"We all know that the Asian mind views life in terms of generations, considers growth in terms of cycles of birth, nurturing, and maturity and is therefore trained to be patient, indeed, long-suffering (which may sometimes be disadvantageous). But committing to the long-term future of Asia is necessary in this urgent race of catch up," Mr Estrada said.
(Full text of Mr Estradas address http://www.asianetnews.net)
SOURCE: Asian Institute of Management
CONTACT: Antoinette Wiranadewi Ludi
Phone: +6221 8356280
Email: netty@aimjak.com
His speech was delivered to Antara News Agencys Jakarta Forum on "Leadership and Management in Difficult Times." "We need to understand our neighbours, our inter-related values and culture, our politics and business practices much better so that we can engage productively with one another," Mr Estrada said.
An integrating "New Asia" must realize that regional flows of goods, finance and technology will reap the benefits of economies of scale, and therefore should make every effort to encourage and abet this regional integration "Asians can sell to and buy from each other - products the manufacture of which can be complementarily sourced from among themselves; products the demand for which are shaped by the distinct design and unique requirements of the Asian consumer." "To improve productivity, Asian manufacturers and technocrats can exchange and transfer technology and ideas among themselves without having to reinvent the wheel for their own individual needs," Mr Estrada said.
Too long has "hardworking Asia" continued to depend on the U.S. household market for its exports, in the recent past getting paid in devaluing U.S. dollars, which our national economies have had to reinvest in the now not too profitable U.S. treasury instruments.
Witness the fact that Asia has been rapidly integrating and transforming itself since the 1990s by creating more competitive and innovative economies.
"We all know that the Asian mind views life in terms of generations, considers growth in terms of cycles of birth, nurturing, and maturity and is therefore trained to be patient, indeed, long-suffering (which may sometimes be disadvantageous). But committing to the long-term future of Asia is necessary in this urgent race of catch up," Mr Estrada said.
(Full text of Mr Estradas address http://www.asianetnews.net)
SOURCE: Asian Institute of Management
CONTACT: Antoinette Wiranadewi Ludi
Phone: +6221 8356280
Email: netty@aimjak.com
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