For the purposes of my discussion, I group these four economies along with China, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam as emerging Asia. 4  In a speech of this length and scope, it is not possible to relate all important developments affecting Asian growth.
In particular, I will not address the need for further development of financial systems and infrastructure in Asian emerging economies, which will be important factors in determining future rates of growth. 5  This point is particularly well made in Monetary Authority of Singapore (2007). 2  BIS central bankers’ speeches  50 percent of GDP in 2011, has begun to edge down.