Dr.Villegas calls for ASEAN leaders for the Asian Century

Dr.Villegas calls for ASEAN leaders for the Asian Century

by Lorenz Visco on November 20, 2013 - 5:33 pm

Photo for the AEC (1)The ASEAN countries have the makings to be the third economic force that will surpass the economic performance of China and India in the purported Asian century.

In an article by renowned economist Dr. Bernardo Villegas for Manila Bulletin, he wrote: “In the last ten years, their (ASEAN countries) trade with one another has increased at a faster rate than their trade with the rest of the world.  Despite the continuing dangers of a protectionist mindset among their leaders, there is a high probability that the AEC (ASEAN Economic Community) will become the third economic force in the Asian century.” And, unlike the members of the EU, the ASEAN nations have never been at war against each other.

Dr. Villegas then set a precondition for ASEAN nations: in the next decade or so, these nations must develop leaders who will be able to capitalize on the opportunities that will be imposed by a larger regional market.

To be prepared to meet this challenge, the ten nations should learn from the experiences of the European Economic Community. One venue for such learning is the seminar entitled “Future of Business Education in Developed and Emerging Markets.” Organized by the First Metro Investment group, together with the University of Asia and the Pacific (UA&P), it will be held in the Li Seng Giap Auditorium, 2nd floor APEC Communications Building of UA&P, on January 20, 2014, from 1:30 to 6pm. Speakers include Dr. Villegas and Dr. Carlos Carvallo, previous head of the IESE Business School in Barcelona, Spain.

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