Asia has best potential to stem global slump By Nopphakun Limsamarnkul



Professor Cheng Siwei

THE 10-COUNTRY Asean grouping and its dialogue partners are being called upon to engage more meaningfully on the world stage amid the economic crisis that has hit most nations very badly.

The vast Asian continent, with Asean at its heart, is increasingly being seen as the only engine of growth in the wake of an apparently synchronised global economic recession and social stress, according to participants of last weekend’s World Economic Forum (WEF) in Davos, Switzerland.

Nik Gowing from the BBC World News TV channel asserted at a WEF session that if there were no effective solution to the current crisis, there could be a destructive social backlash that would provoke political instability in countries while reviving protectionism and reversing the trend towards globalisation.

Japanese Prime Minister Taro Aso, one of Asean’s dialogue partners, shared the opinion that Asia – which accounts for 40 per cent of the world population – had the greatest potential.

To help jump-start the regional economy that has been battered by the US-induced global financial crisis, in Davos, Japan announced its US$17-billion (Bt595 billion) development package for Asian countries to invest in infrastructure and other mega-projects to boost economic growth.

Moreover, Yasuo Hayashi, chairman and CEO of the Japan External Trade Organisation, suggested that the Big Three – Japan, China and India, all key partners of Asean – quickly conclude economic partnership agreements with other Asean members for long-term peace and prosperity.

It is imperative to expedite all motions since economic integration, though greatly beneficial, can be a time-consuming process, the Japanese official said.

Wen Jiabao, the Chinese premier, also expressed support for the continuation of trade and investment liberalisation policies, while Cheng Siwei, dean of the Management University in Beijing, called for mutual-trust building and acceleration of the free-trade zone involving Asean and its partners.

Currently, China, Japan, South Korea, India, Australia and New Zealand are Asean partners.

Cheng Siwei – The Americans are over spending and the Chinese are over saving, so we need compromise.

Listen here:

Business Weekly this week takes a look at the China and the USA in this financial crisis-hit world. Are Chinese people behaving like Americans and Americans behaving like Chinese? Are the saving and spending roles being reversed? And would that make us all better off? It would, according to one of the top Chinese economic thinkers, Cheng Siwei.

From WorldEconomicForum

Cheng Siwei, President, China Association for Soft Science Studies, People’s Republic of China on the ‘breakthrough idea’ of the Global Agenda Council on the Future of China at the Summit on the Global Agenda held in Dubai 7-9 November 2008.

26 Responses to “Asia has best potential to stem global slump By Nopphakun Limsamarnkul”

  1. rosettasister Says:

    Even the Chinese get that we Americans are spending too much.

    8.3% of GDP is already too high.

    Specter, Snowe, and Collins cast a vote which will send that number skyrocketing to 12.0%

    They have abandoned responsibility, their constituents, reason, and can lay no claim to any moral high ground.

    They must reconsider.

  2. rosettasister Says:

    Tenacity Says:
    February 8, 2009 at 6:04 pm

    I happened to see Beck when he was breaking down. Some people find a man showing that kind of emotion as weak and despicable. Some, like yourself are attracted to the vulnerability and honesty.

    I just don’t buy that Fox News is trustworthy to any extent. Beck is refreshing, but the jury is still out from my perspective. When any of them start talking about Constitutional eligibility and the need for the people to alter and/or abolish the usurpation as described in the Declaration of Independence, then I MAY begin to trust their overall motives. Otherwise, its still ratings driving them.

  3. CJ Says:

    Well, looks like they are making progress on the great Asian Union that was predicted in many global power articles. Japan, China and India will sign their agreements. When will Obama and friends start really pushing for the N. Amer. Union I wonder? Mexico is a mess and our financial crisis continues. The perfect storm seems to be on the horizon. Only flies in the ointment may be those of us who are fighting for sovreignty and the Constitution, plus our Canadian friends who are not ready to give up their country as yet. We must make our voices heard and get the message out. Save America.

  4. justanamericancindy4 Says:


    hey, it’s been awhile…..
    I really don’t trust ANY media at the moment… I think Fox is better than most, but until they quit ignoring the masses concerns as being trivial.
    Hell I won’t even mind a in depth report on how we are wrong.

    Ignoring issues meaning hiding and covering up in my opinion.

  5. rosettasister Says:

    Tenacity Says:
    February 8, 2009 at 6:04 pm


    I happened to see Beck when he was breaking down. Some people find a man showing that kind of emotion as weak and despicable. Some, like yourself are attracted to the vulnerability and honesty.


    Absolutely right, Tenacity.

    I remember a few years back when I was still teaching in a regular classroom.

    It was one of those rare moments when it was just me and several of my middle school girls.

    Somehow the conversation got turned to boyfriends and husbands.

    And one of them asked me how did I know that my husband was “the right one.”

    At first I didn’t want to answer, but they really wanted to know.

    So I thought about it and answered as honestly as I could.

    I told them that he cries at the right moments. He cries when he should cry.

    And that that was one of the things that I loved about him and how I knew for sure that he was right for me.

  6. CJ Says:

    JAC: Have you seen the proposal Minnick put out? It is pretty good. He takes it to the bare bones much as you did. He is a new guy who has some good ideas. I only wish more of the old guard would take up the cause and work with ideas like Minnick’s. Collins and Snowe are way out of touch and I’m surprised because I thought Maine was the land of independent thinkers and common sense. Well the people of Maine might be but their Senators aren’t and they are not listening to their constituents it appears. One of the other Congressmen had a similar plan to Minnick’s that only addresses jobs and tax relief. Can’t remember who it was. These are the things the majority of Americans want, starting with common sense stimilus proposals, but remember we don’t know how to really take care of ourselves. We must have our elected “Mommies and Daddies” making the decisions because they know best. We can’t be trusted with our money you know. We might spend it on something frivolous or unnecessary. What a bad joke.

  7. CJ Says:

    Beck is doing a good job and we will see how far Fox is willing to let him go. So far, so good and if the ratings are up, then he may be able to push the envelope a bit more. I sure hope so because he has said a lot of things out loud that even Hannity has not dared to. I sent my picture in to his YouAReNotAlone project. One more way for us unheard citizens out here to voice our displeasure and make the govt of Obama see that there are alot of us taking note of all the issues they are playing with. It is a major media outlet so we need to keep helping him out. Our message just may be heard by some of those Americans who don’t know the truth yet or who are begfinning to see what the fraud one has brought upon them. I sure hope so.

  8. justanamericancindy4 Says:


    there are MANY things that are just plan BS in that Bill… ACORN should be indited not rewarded…

    But there are MANY good things too,…. my complaint is NOT this Bill Not this time….
    We should be working to help us dust ourselves off and get back on our feet not get us further into trouble…..

  9. justanamericancindy4 Says:

    good news today……. 3 times I came across a post of an Obama supported that had buyer remorse…..

    We know the ones that were against him didn’t change their mind… so
    the percentage is slowly going to our favor…..

  10. justanamericancindy4 Says:


    there is a belief, and I am starting to accept it as well..
    That low level staff are not passing on our emails, letters or faxes..

    Those in voted office fear not getting re-elected….. The out cry that seems to be ignored on the Stimulus bill alone should make most politicians stop and think…

    I am checking out local politics in my town,…. things start at the grass roots…. Time to get in their faces and ask hard questions…They are the ones that go up the ladder……Campaigning for 2010 is a high priority to many….. lets sit in those meetings and make sure our voices are heard.

  11. Tenacity Says:

    Here’s an email I just sent to Senator John Cornyn:

    Senator Cornyn,

    With all due respect sir, the petition is very weak. Creating jobs that support the present administration’s goals are not acceptable. Specifically, not one dollar should be authorized to create a civilian security force or paid to the likes of ACORN. NOT ONE DOLLAR should go to support abortion, pornography (NEA) or student radicalization.

    Any Republican that votes for this attempt to bankrupt our treasury MUST be thrown out of the Republican Party permanently and they need to be told that NOW. If the Republican Party is not able to cleanse itself of usurpers of our Constitution and Declaration of Independence, then the Republican Party WILL die or become a third party. We MUST take back our REPUBLIC. If the Republican Party does not lead in that effort, then every Patriot has a duty to withdraw their allegiance and work toward altering and/or abolishing the usurpation as mandated in the Declaration of Independence.

    I beg you sir to take the lead and save our country. The time to act is now.

    Most sincerely,
    Full name
    Parker, Colorado

    Ph & Addy


    From: John Cornyn []
    Sent: Saturday, February 07, 2009 5:07 AM
    To: ******
    Subject: Keep the pressure on

    Please take a moment right now and sign our Stop The Waste Petition.

  12. What’s Buzzing? » Blog Archive » Medvedev Hits Out At ‘Selfish’ Us Says:

    […] Asia has best potential to stem global slump By Nopphakun … […]

  13. rosettasister Says:

    Obama Stimulus Not Necessary, as This Is No Great Depression

    History shows doing too much for the economy, not too little, is the danger, Clark S. Judge writes

    Following Milton Friedman’s rule, the severe downturn of the last three months of 2008 almost certainly originated in the monetary events of January through May when, among other things, the structured finance markets went dead and Bear Stearns folded. By the same rule, following the massive actions the Treasury and Fed took between September and December last year, the economy should rebound between May and September this year.

    What could go wrong? In contrast to what the Obama administration is arguing, having done enough, the government could now do too much.

    The administration could repeat the Hoover-Roosevelt mistakes.

    Working with Congress, it could mandate trade protection, increase tax rates, divert resources from productive private investment to uneconomical government-sponsored activities, intrude in the management of major industries, or prosecute business people to make populist political points. The stimulus package takes major steps in several of these directions.

    Magnitude matters. Small mistakes may not derail a recovery powered by such massive monetary movements as are already in place, while doing too much of what was done in the ’30s could prove fatal.

    The irony here is that, if it keeps such errors to a minimum, the Obama administration is well positioned to take the bows for the Bush administration’s response to the crisis. All it needs is a few months of restraint—and an understanding of Milton Friedman.

  14. rosettasister Says:


    President Obama faces massive pushback on his stimulus plan

  15. calli Says:

    Certain things that are included in that stimulus package is payback, complements from a certain someone!!!
    As for Beck, I like him alot!! He doesn’t seem to be afraid to speak his mind!! I saw one of his shows in which he had a picture of O in a swim suit with candles lit all around!! He can be comical as well as serious!!! I like a man who isn’t afraid to show some emotions!!! It shows the human side!!! Some men are like cold bricks!!!!

  16. What’s Buzzing? » Blog Archive » Free Press International » Blog Archive » the Real World News Says:

    […] Asia has best potential to stem global slump By Nopphakun … […]

  17. CJ Says:


    One would hope that even if the emails aren’t passed along, that a report of how many came in and that they were against this bill is passed along. If that is not happening then I blame the elected official for not monitoring his office staff. He needs to be one finger at all times on the pulse of his constituency. That being said, do I believe they are clueless and not asking? A big fat YES. If they do have any interest, then they know that they are not being supported and their people at home arre against this issue. They should vote accordingly and they should be issuing reports to the people they represent as to what they are doing and that they are paying attention. I will never give up the idea that the elected think they know what’s best and not us. That’s a major reason there should be a re-do on changing term limits. No one should be allowed to be elected for life. That’s a major cause of losing touch with the people who put you there imo. They get into their little DC coccoons and forget what they are there for–working for the home folks.

  18. justanamericancindy4 Says:

    Most politicians are playing the odds…..

    the public are fickle….. their anger is usually short term; as they soon get self absorbed into their own lives.
    Which leads them to not pay close attention to what is happening in all levels of Government.

    They are playing the waiting game….When we lose our anger and determination…… they win

  19. Tenacity Says:

    Here’s an email that I posted at the WTPC blog:

    “The Emperor Has No Clothes!”

    I’m not having any success posting the picture/image. I don’t know what I’m doing wrong. I’ve posted images before, but it just ain’t working…HELP!

  20. susiezen Says:

    stimulus bill poll: 47% disapprove 32% approve…rest undecided

  21. susiezen Says:

    how can 32% approve, even that is too many…this country is 32% idiots

  22. sliderblaze Says:

    ace has a good take on the census issue, yet another unconstitutional play by O?

    the more they call into question constitutional issues, i think the more likely those who havent really even considered the fact he has already done it, may take a second look.

    I’m really hoping that they are just gonna give him his first 100 days and then blamo….let him have it 8 ways to sunday. It’s pretty clear this guy is in way over his head.
    I thought he had a plan for Afghstn. What happened to that, now he is waiting on what the military says? Apparently he wasnt listening to them when they said a surge in Iraq is needed and will work…… This asshole had no plan what so ever.

  23. rosettasister Says:

    Good night, good people!

    Bet your bottom dollar
    That tomorrow
    There’ll be sun!

    New Thread:

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