Comments on: The Tipping Point: The rise of the East, the demise of the West http://asiapacvoices.com/comment-analysis/2009/10/the-tipping-point-the-rise-of-the-east-the-demise-of-the-west/ insights & perspectives Fri, 28 May 2010 18:31:07 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Saifuddin M Naser http://asiapacvoices.com/comment-analysis/2009/10/the-tipping-point-the-rise-of-the-east-the-demise-of-the-west/comment-page-1/#comment-29 Saifuddin M Naser Thu, 05 Nov 2009 07:42:18 +0000 http://asiapacvoices.com/?p=7#comment-29 I personally do not think of Rise or Fall of East or West. At this point can we sustain without each other? Be it innovation or cheaper production cost. It is just one globe. Look at the climate change issue, no matter who innovate new technologies East or West it’s the global problem. If developing countries mostly in East do not have the access to the better technology as well as the ability to finance then West will suffer too. As mentioned in the article the shift of economic activities to East, I think it will be healthy for all of us. A win win situation. Investor gets their return, consumer gets the cheaper price, funding for technology will improve as the return from investment is secured, overall climate change will not effect specially the developing/underdeveloped countries in the East which will eventually reduce the political risk of doing business in this region. So at the end I think its time for us to mobilize our resources for betterment of all in east & West. I personally do not think of Rise or Fall of East or West. At this point can we sustain without each other? Be it innovation or cheaper production cost. It is just one globe. Look at the climate change issue, no matter who innovate new technologies East or West it’s the global problem. If developing countries mostly in East do not have the access to the better technology as well as the ability to finance then West will suffer too. As mentioned in the article the shift of economic activities to East, I think it will be healthy for all of us. A win win situation. Investor gets their return, consumer gets the cheaper price, funding for technology will improve as the return from investment is secured, overall climate change will not effect specially the developing/underdeveloped countries in the East which will eventually reduce the political risk of doing business in this region. So at the end I think its time for us to mobilize our resources for betterment of all in east & West.

]]> By: SIIA Admin http://asiapacvoices.com/comment-analysis/2009/10/the-tipping-point-the-rise-of-the-east-the-demise-of-the-west/comment-page-1/#comment-12 SIIA Admin Fri, 23 Oct 2009 16:55:42 +0000 http://asiapacvoices.com/?p=7#comment-12 STRAITS TIMES 23 OCT 2009 - <strong>US has to rein in deficits</strong> By <em>Chua Chin Hon, US Bureau Chief</em> IF THE United States wants to retain supremacy in the 21st century, it must maintain its economic leadership in the Pacific and rein in its soaring fiscal deficit, Minister Mentor Lee Kuan Yew said on Friday. Speaking to American television interviewer Charlie Rose, he warned that investors would start moving their assets if they felt that America's economic woes were getting too big or if Washington lacked the political will to tackle them. 'What the world wants to know is whether the administration and the Congress, both Republicans and Democrats, have the will to take tough measures to put this right,' he added, during the hour-long interview. Talk of a decline in US power has been fuelled by two costly wars in Iraq and Afghanistan, last year's financial meltdown, and the feeble economic recovery now. There have also been fears that the massive sums being spent on some of these problems could spell more trouble. The federal budget deficit has reached a record US$1.42 trillion (S$1.9 trillion), with projections that the shortfall could hit as much as US$9 trillion over the next decade if no corrective action is taken. Source: http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_445875.html STRAITS TIMES 23 OCT 2009 – US has to rein in deficits
By Chua Chin Hon, US Bureau Chief

IF THE United States wants to retain supremacy in the 21st century, it must maintain its economic leadership in the Pacific and rein in its soaring fiscal deficit, Minister Mentor Lee Kuan Yew said on Friday.

Speaking to American television interviewer Charlie Rose, he warned that investors would start moving their assets if they felt that America’s economic woes were getting too big or if Washington lacked the political will to tackle them.

‘What the world wants to know is whether the administration and the Congress, both Republicans and Democrats, have the will to take tough measures to put this right,’ he added, during the hour-long interview.

Talk of a decline in US power has been fuelled by two costly wars in Iraq and Afghanistan, last year’s financial meltdown, and the feeble economic recovery now.

There have also been fears that the massive sums being spent on some of these problems could spell more trouble.

The federal budget deficit has reached a record US$1.42 trillion (S$1.9 trillion), with projections that the shortfall could hit as much as US$9 trillion over the next decade if no corrective action is taken.

Source: http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_445875.html

]]> By: SIIA Admin http://asiapacvoices.com/comment-analysis/2009/10/the-tipping-point-the-rise-of-the-east-the-demise-of-the-west/comment-page-1/#comment-11 SIIA Admin Fri, 23 Oct 2009 16:53:41 +0000 http://asiapacvoices.com/?p=7#comment-11 STRAITS TIMES 23 OCT 2009 - <strong>Don't underestimate EU</strong> By <em>By Nur Dianah Suhaimi</em> ASIA may be a rising power but do not write off Europe too quickly. Dutch Prime Minister Jan Peter Balkenende made this point on Friday to an audience of about 1,000 politicians, diplomats and businessmen at the 30th Singapore Lecture. He argued that while it was unwise for the West to deny Asia's economic potential, it was also wrong to underestimate the dynamism of the European Union and its ability to adapt. 'Given Europe's turbulent history, it is nothing short of a miracle that it has succeeded in the past 60 years in bringing its citizens peace, prosperity and legal certainty,' he said. 'Europe has proved itself capable of continually reinventing itself and it will keep on doing so in the future.' His comments were triggered by a book he read recently - The New Asian Hemisphere: The Irresistible Shift of Power to the East by Professor Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy. Source: http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_445866.html STRAITS TIMES 23 OCT 2009 – Don’t underestimate EU
By By Nur Dianah Suhaimi

ASIA may be a rising power but do not write off Europe too quickly.

Dutch Prime Minister Jan Peter Balkenende made this point on Friday to an audience of about 1,000 politicians, diplomats and businessmen at the 30th Singapore Lecture.

He argued that while it was unwise for the West to deny Asia’s economic potential, it was also wrong to underestimate the dynamism of the European Union and its ability to adapt.

‘Given Europe’s turbulent history, it is nothing short of a miracle that it has succeeded in the past 60 years in bringing its citizens peace, prosperity and legal certainty,’ he said.

‘Europe has proved itself capable of continually reinventing itself and it will keep on doing so in the future.’

His comments were triggered by a book he read recently – The New Asian Hemisphere: The Irresistible Shift of Power to the East by Professor Kishore Mahbubani, dean of the Lee Kuan Yew School of Public Policy.

Source: http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_445866.html

]]> By: ASEAN Society http://asiapacvoices.com/comment-analysis/2009/10/the-tipping-point-the-rise-of-the-east-the-demise-of-the-west/comment-page-1/#comment-9 ASEAN Society Thu, 22 Oct 2009 07:29:07 +0000 http://asiapacvoices.com/?p=7#comment-9 Could it be the case that the west is falling too rapidly and making the east more promising? - I think the west has simply fallen. The East is somewhat the same, just maintaining. The west economy is simply burdened with debts and have depended too much on the east economy. China and India is predicted to grow, while Europe/ USA has lots of debts, high unemployment rates etc. This seems that the east will dominate the west for now. Who knows future? They might come back, after all USA is still the big brother. Tipping point? Too early to say. www.asean-society.org Could it be the case that the west is falling too rapidly and making the east more promising? –
I think the west has simply fallen. The East is somewhat the same, just maintaining. The west economy is simply burdened with debts and have depended too much on the east economy. China and India is predicted to grow, while Europe/ USA has lots of debts, high unemployment rates etc. This seems that the east will dominate the west for now. Who knows future? They might come back, after all USA is still the big brother.

Tipping point? Too early to say.

http://www.asean-society.org

]]> By: Bola Bibiama http://asiapacvoices.com/comment-analysis/2009/10/the-tipping-point-the-rise-of-the-east-the-demise-of-the-west/comment-page-1/#comment-7 Bola Bibiama Thu, 22 Oct 2009 05:14:09 +0000 http://asiapacvoices.com/?p=7#comment-7 Is this HSBC's take? I would agree with Deiree on this. If West can innovate and develop further, they could have competitive advantage over the east. Is this HSBC’s take? I would agree with Deiree on this. If West can innovate and develop further, they could have competitive advantage over the east.

]]> By: Deiree Taylor http://asiapacvoices.com/comment-analysis/2009/10/the-tipping-point-the-rise-of-the-east-the-demise-of-the-west/comment-page-1/#comment-6 Deiree Taylor Thu, 22 Oct 2009 02:30:37 +0000 http://asiapacvoices.com/?p=7#comment-6 There are much talk on how the economic powers are shifting from the West to the East because of an imbalance in debt and also because most of Asia is "catching up" by adopting existing technologies. What is missing in many pundits analysis is "innovation" in technology. If the West can continue to innovate newer, better and more efficient technologies at a lower cost. There might not be a demise to the West. There are much talk on how the economic powers are shifting from the West to the East because of an imbalance in debt and also because most of Asia is “catching up” by adopting existing technologies.

What is missing in many pundits analysis is “innovation” in technology. If the West can continue to innovate newer, better and more efficient technologies at a lower cost. There might not be a demise to the West.

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