May 20, 2013 05:27 UTC

Audio / Economics Report

Meeting Highlights Economic 'Dynamism' of Southeast Asia

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Burma's Aung San Suu Kyi, left, shakes hands with Thailand's Prime Minister Yingluck Shinawatra in this picture from the Thai government. Burma's Aung San Suu Kyi, left, shakes hands with Thailand's Prime Minister Yingluck Shinawatra in this picture from the Thai government.
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Burma's Aung San Suu Kyi, left, shakes hands with Thailand's Prime Minister Yingluck Shinawatra in this picture from the Thai government.
Burma's Aung San Suu Kyi, left, shakes hands with Thailand's Prime Minister Yingluck Shinawatra in this picture from the Thai government.

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  • Meeting on South East Asia Highlights Growing Economic Force

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This is the VOA Special English Economics Report.
 
The World Economic Forum is an independent organization. Its aim is to help businesses, governments and civil society find ways to work together to improve the world.
 
This year, the twenty-first World Economic Forum on East Asia is taking place in Thailand. Organizers hope to bring attention to development in Southeast Asia. 
 
But the presence of Burmese opposition leader and parliament member Aung San Suu Kyi has made the event special. The Nobel Prize winner made her first foreign trip in over twenty years to the Thai capital, Bangkok.  Burmese President Thein Sein cancelled his appearance at the meeting shortly after her travel plans were announced. Earlier, she also recorded a message for the forum.
 
AUNG SAN SUU KYI: “I have the honor and privilege of addressing this gathering of thinkers and doers, movers and shakers, in positions to influence the direction that our world will take in the foreseeable future.”
 
Klaus Schwab started what came to be called the World Economic Forum and is its executive chairman. In opening comments, he praised the growing influence of Southeast Asian nations in the world economy and political issues.
 
KLAUS SCHWAB: “When you look at the ASEAN region, you feel that here you have a region which is full of dynamism, which has economic growth of over five percent and which becomes more and more a crucial factor in the world economic and world political context.”
 
Several government leaders were in Bangkok for the meeting. They include Indonesian President Susilo Bambang Yudhoyono, Vietnam’s Prime Minister Nguyen Tan Dung and Thai Prime Minister Yingluck Shinawatra.
 
The forum is meant to discuss issues affecting the ten members of ASEAN, the Association of Southeast Asian Nations. In a speech, the Thai prime minister noted threats like the debt crisis in Europe and climate change. But she also pointed to technological progress, democratic reforms and new centers of economic growth as signs of hope.
 
ASEAN nations are becoming increasingly important in the world economy. As a group, their economic activity is nearing two trillion dollars. Southeast Asian economies are expected to grow more than five percent this year.  That rate is higher than Europe or North America.
 
World Trade Organization Director-General Pascal Lamy is also attending the meetings. He said Southeast Asia is doing better than other areas now. But he warned a slowing world economy could create problems.  
 
PASCAL LAMY: "I would expect, given what's happening in other parts of the world economy, (for) this region to be more affected in two, three years to come than it has been so far."
 
And that's the VOA Special English Economics Report. I'm Mario Ritter.
 
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Contributing: Daniel Schearf

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by: BIJU.P.Y. from: SOUTH INDIA
06/10/2012 9:05 AM
Fine. I'm delighted to hear that this year's world economic forum meeting is going to be held in Thailand where ANN SUU KYI is a honoured guest. Her presence there will elecrify the whole atmosphere and will give forum a different course of direction. I think creative thinkers world wide should join their hands to the betterment of the world. Thank you.


by: tmk
06/08/2012 5:19 AM
I think that ASEAN is very important in the world economy. But, I was surprised that the rate of growth of Asian economy is higher than Europe or North America. I expect that Asian countries influence other countries as a member of Asia.


by: Anonymous
06/03/2012 1:32 AM
The second paragraph, the second sentence is "It aims to..." in audio.


by: Manuel Bastardo from: Caracas- Venezuela
06/02/2012 3:59 AM
This forum is very important since two view points:
1-Becuase it gives us information about the economies in the countries Southeast Asia
2-Because it is written in an easy way for people to use these reporters in the practice of learning english
Thank you and hope to continue using these important lessons to address various issues


by: Yoshi from: Sapporo
06/02/2012 2:22 AM
Southeast Asian countries are rich in natural resources and worker's wages is low. So, Industrialized countries are importing cruid oils or gums and transfering plants to there. ASEAN seems promising in economy. It is also nice Burmese opposiotion leader Suu Kyi was set free from house arrest.


by: Helene from: china
06/02/2012 2:20 AM
I welcome the dynamic economic meeting on East Asia taking place in Thailand.Right now, i have seen many the products of Thailand appear in markets.Especially appliances when i compare them with china's products about the prices or the quatity,Thailand 's products are reliable. I hope Thailand economy is going to bright in the future .

In Response

by: Angela from: Thailand
06/03/2012 1:28 PM
There are a lot advantage in china in manufaturing field. And there are a lot comstums complain the market environment in Thailand,like longer delivery time, slowly respond.