Admittedly, we cannot fully disentangle the role of technological improvements from the role of international trade in explaining economic growth – or widening income inequality. However, innovation does have a major impact on the social structure of a country. Endorsing protectionist policies will not enable politicians to evade issues of social cohesion within their countries.
*  *  *  Every year, your industry comes together to exchange views on the prospects for the year ahead. With your theme this year “Thrift Banks: Preparing for 2015 ASEAN Integration”, the thrift banking industry is recognizing a development that has quietly evolved through the years and will soon crystalize.