‘Asean an important node of global growth’

The 10 member-economies of the Association of Southeast Asian Nations (Asean) are on the right track as they harmonize their policies in preparation for building a strong regional economy at this crucial point of the century, Philippine Finance Secretary Carlos Dominguez 3rd said.

Recalling Southeast Asia as a backwater region composed of newly independent nations five decades ago, Dominguez said the region has developed over the years into an important node of growth for the global economy.