Apec vows to avoid mishaps
Upcoming SlideShare
Loading in...5
×
 

Apec vows to avoid mishaps

on

  • 172 views

APEC vows to avoid mishaps ...

APEC vows to avoid mishaps

http://www.authorstream.com/Presentation/freddiecotter-1958419-apec-vows-avoid-mishaps/
Amid a backdrop of weakening global trade and slower growth in the region, the leaders of 21 Pacific-rim economies pledged to implement prudent policies to maintain stability at the APEC Summit in Nusa Dua, Bali, on Tuesday.

As the leaders wrapped up the summit, they declared the need to strengthen macroeconomic policies and work together to promote sustainable and inclusive growth in the region.

“We will implement prudent and responsible macroeconomic policies to ensure mutually reinforce able growth, to maintain economic and financial stability in the region and prevent a negative spillover effect,” said the leaders’ joint declaration.

The need for a sound policy was recognized amid fresh concerns over the state of the US economy, following a budget impasse that disabled some government functions in the world’s largest economy.

Unsound budget policies have caused a global spillover effect as growth in the US economy is predicted to contract.

US President Barack Obama’s absence at the summit, due to the impasse, to some extent affected the progress of the Trans-Pacific Partnership (TPP) negotiations, all the members of which are APEC countries.

Statistics

Views

Total Views
172
Views on SlideShare
172
Embed Views
0

Actions

Likes
1
Downloads
1
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Apec vows to avoid mishaps Apec vows to avoid mishaps Presentation Transcript

  • APEC vows to avoid mishaps Crown Capital Management
  • APEC vows to avoid mishaps http://www.thejakartapost.com/news/2013/10/ Amid a backdrop of weakening global trade and slower growth in the region, the leaders of 21 Pacific-rim economies pledged to implement prudent policies to maintain stability at the APEC Summit in Nusa Dua, Bali, on Tuesday.
  • APEC vows to avoid mishaps As the leaders wrapped up the summit, they declared the need to strengthen macroeconomic policies and work together to promote sustainable and inclusive growth in the region. View slide
  • APEC vows to avoid mishaps “We will implement prudent and responsible macroeconomic policies to ensure mutually reinforce able growth, to maintain economic and financial stability in the region and prevent a negative spillover effect,” said the leaders’ joint declaration. View slide
  • APEC vows to avoid mishaps The need for a sound policy was recognized amid fresh concerns over the state of the US economy, following a budget impasse that disabled some government functions in the world’s largest economy.
  • APEC vows to avoid mishaps Unsound budget policies have caused a global spillover effect as growth in the US economy is predicted to contract.
  • APEC vows to avoid mishaps US President Barack Obama’s absence at the summit, due to the impasse, to some extent affected the progress of the Trans-Pacific Partnership (TPP) negotiations, all the members of which are APEC countries.
  • APEC vows to avoid mishaps His absence also paved the way for China, Russia and Japan to assert their influence in the region. Aside from concerns over policy mishaps, the leaders also agreed to guard against pressure to raise new trade and investment barriers. “To that end, we extended our standstill commitment until the end of 2016 and reaffirmed our pledge to roll back protectionist and trade-distorting measures.”