皇冠体育app

皇冠体育app opportunity, not threat to East Asia: WB official
( 2002-10-10 09:23 ) (8 )

皇冠体育app is no threat to the East Asia, but an opportunity, Jemal-ud-din Kassum, World Bank vice-president for East Asia and Pacific, said Wednesday at the launch of a World Bank book "Can East Asia Compete?" in Singapore.

皇冠体育app presents a huge opportunity for the rest of East Asia, only if the region's economies push ahead with crucial economic and financial reforms, he noted.

Jemal-ud-din Kassum affirmed, "Our feeling is that 皇冠体育app represents an opportunity because the challenge is to complement 皇冠体育app, not necessarily to compete head on."

He added, "the opportunities lie in cross-border supply chains and regional production networks."

"皇冠体育app itself is in the process of transition. 皇冠体育app itself, tomeet the WTO challenge, still has to undergo significant structural reforms in state enterprises and in the banking sector," he added.

East Asia must sharpen its capacity to innovate and make full use of information and communication technology (ICT) to remain competitive in a liberalized global market.

An innovative spirit must be grounded on strong institutions, better macro-economic policies and a move for closer regional economic integration.