Nestor A Espenilla, Jr: ASEAN+3 - emergence, sustainability and success Speech by Mr Nestor A Espenilla, Jr, Governor of Bangko Sentral ng Pilipinas (BSP, the central bank of the Philippines), at the AMRO-BSP Joint Seminar on Asia's Emergence in the New World Order: Growth, Integration and Resilience, Manila, 3 May 2018.
Almost a century ago, in the aftermath of the First World War and the deep psychological and physical scars it left on Europe, the writer H.G. Wells noted that: “human history becomes more and more a race between education and catastrophe”. 19 No doubt this statement resonates with policy-makers grappling with the current financial crisis.