WEF Blog: East Asia steers a course through future risks | Bangkok Post: business

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WEF Blog: East Asia steers a course through future risks

From floods to bombs to financial crises, participants at the World Economic Forum on East Asia engaged in a lively debate on how the region can improve its resilience to a varied set of risks. Supporting economic growth, participants agreed, was a key part of risk management:

“If you have a strong and solid economy, that is the foundation for you to have the means to deal with shocks,” said Idris Jala, Minister at the Office of the Prime Minister of Malaysia, adding that ASEAN countries should focus on six to ten sectors each to build expertise and fuel growth.

A girl rides her bike through a flooded street on the outskirts of Bangkok, in November 2011 (Reuters)

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