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ANNUAL CONFERENCES

 

2013 EFN Asia International Conference

Asia, the Middle Income Trap and Economic Freedom

2012 EFN Asia International Conference

How Welfare Populism Destroys Prosperity: the Populist Challenge to Economic Freedom

2011 EFN Asia International Conference

Competition: Engine for Prosperity

2010 EFN Asia International Conference

Migration and the Wealth of Nations

2009 EFN Asia International Conference

Overcoming the Global Financial and Economic Crisis: The Rule of Law as the Key to Economic Freedom?

2008 EFN Asia International Conference

Private Property Rights: The Economic Foundation of a Free Society

2007 EFN Asia Forum

Freedom of Education

A tribute to Milton Friedman

2006 EFN Asia International Conference

Preferential Trade Agreements: Local Solutions for Global Free Trade?

2005 EFN Asia International Conference

Securing Economic Growth: Legal Structures and Property Rights in Asia

2004 EFN Asia International Conference

The Role of Government in Asian Economics

2003 EFN Asia International Conference

Economic Freedom in Asia

2002 EFN Asia International Conference

Economic Freedom in Asia

2000 EFN Asia International Conference

Capital Mobility

1999 EFN Asia International Conference

1998 EFN Asia International Conference

EFN ASIA
EFN ASIA

"Competition – Engine for Prosperity“ The 2011 Economic Freedom Network Asia (EFN) conference
Friday, 21 October 2011 14:20

 

Impressions from the EFN 2011 conference themed "Competition - Engine for Prosperity". Kuala Lumpur, 10 - 13 October 2011

 

"Competition – Engine for Prosperity“ , this was the title of  this year’s Economic Freedom Network Asia (EFN) conference. The conference took place in Kuala Lumpur from 10th to 13th October 2011. The Economic Freedom Network Asia is a network of research institutes, practitioners, influential think-tanks, and individuals with an object of promoting the benefits of the market economy, civil society and individual liberty, which enhance human development and economic growth in Asia.

 

 

This year’s event was organised by the Friedrich Naumann Foundation’s Regional Office Southeast- and East Asia in cooperation with two Malaysian network members, the Institute for Democracy and Economic Affairs (IDEAS) and the Center for Public Policy Studies (CPPS).

 

More than 160 delegates from all over the world came to Malaysia, among them high-ranking representatives from international politics and economics. The panel discussions focused on three major issues which were the role of government, competition policy and enforcement as well as competition in public service delivery.

 

Hon. Florencio “Butch” Abad, Secretary of the Department of Budget and Management in the Philippines, welcomed the delegates with his introductory remarks on the overall conference theme. He summarized the advantages of economic competition as follows:

Hon. Florencio “Butch” Abad, Secretary of the Department of Budget and Management; Philippines

 

“Competition in the markets leads to reduced prices, increased and improved productivity and encourages innovation. In the end, consumers benefit due to lower prices, better quality of goods and wider choices.”

 

Also among the honourable guests was Prof Dr Jürgen Morlok, Head of the Board of Trustees of the Friedrich-Naumann-Foundation for Freedom. Prof Dr Morlok spoke on the topic of state intervention in market processes. He pointed out, that the state can and should play a role in regulating economic processes but only in terms of providing the frameworks to ensure free and fair economic competition.

 

Moreover, he shared his own experiences from his mome country, referring to the German division after World War II:

 Prof Dr Jürgen Morlok, Head of the Board of Trustees of the Friedrich-Naumann-Foundation for Freedom.

 

“I saw a market-economy with competition that lead to prosperity in West Germany. And I also saw a government-controlled economy without competition that resulted in disaster in East Germany. Today, unified Germany is doing well.”

 

The highlight of the conference was the launch of the Malaysian version of the „Economic Freedom of the World Report (EFW) by the Canadian Fraser Institute. Fred McMahon, Director of the Institute summarized the key findings of the Ranking of 141 countries according to their degree of economic freedom. The data, collected by the Fraser Institute in cooperation with more than 100 partners, clearly substantiate the correlation of a countries’ degree of economic freedom and its stage of development.

The less the state interferes in economic issues, the more competition can take place in the market which in turn leads to a higher development stage.

 

Malaysian guest of honour of the 2011 Economic Freedom Network Asia conference was Tan Sri Dr Koh Tsu Koon, Minister in the Department of the Prime Minister’s Office and President of the Gerakan Party, one of the foundation’s partners.

 

Dr Koh acknowledged the work of the Fraser Institute and partners and stressed the importance of the Index as a benchmark for the economic and social development of his country. Following the conference, Minister Koh introduced the EFW report in Malaysia's cabinet where he broached the issue of the Malaysian ranking. Moreover, he suggested cooperation with the Fraser Institute, IDEAS and the Friedrich-Naumann-Foundation for Freedom.  Within this year, the plan is to conduct a joint workshop on the topic of economic freedom.

 

Presentation of the 2011 EFW report to the Minister: Prof Dr Juergen Morlok, FNF Head of the Board of Trustess, Tan Sri Dr Koh Tsu Koon,Minister in the Department of the Prime Minister’s Office and President of the Gerakan Party, Tan Sri Ramon Navaratnam, ASLI, Fred McMahon, Director of the Faser Institute and Dr Rainer Adam, FNF Regional Director Southeast and East Asia (from left to right)

 

Following to the conference, the network members drafted and adopted a resolution on the conference topic. The resolution acknowledges granting economic competition by the state as one of the crucial preconditions for a countries’ economic progress. Thus, competition should be one of the core elements of a truly free market economy.

 

A full version of the resolution can be downloaded here:

http://www.scribd.com/fullscreen/69245713?access_key=key-2jipa1fhcqwqkgv0n6p0

For more photos of the event go to: 

http://www.flickr.com/photos/66676593@N06

For the presentation of the speakers, please visit:

www.scribd.com/fnfbangkok

 

The Regional Office Southeast and East Asia of the Friedrich Naumann Foundation for Freedom would like to take this opportunity to thank all co-organisers, delegates, speaker and participants for their contribution to this successful event.

 

Juliane Schmucker, Regional Project Coordinator FNF Southeast and East Asia


 
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