WATCH HIGHLIGHTS of the GLOBAL PEACE ECONOMIC AND BUSINESS FORUMS
WATCH THE OUTCOME VIDEO FROM DAY 1
Violent conflict and instability disrupt markets and societies. In 2014, global economic losses due to violent conflict amounted to over US$9.8 trillion. . . . Businesses can be a powerful convener for bringing people together across national and cultural lines. They can create relationships based on a shared sense of identity and purpose, overcoming differences that, in the wider society, are more difficult to surmount. —UN Global Compact
Business leaders, Government officials, NGO leaders, and entrepreneurs will examine the often unrecognized role of private sector business in poverty reduction, sustainable development, and regional stability, particularly highlighting emerging markets in Southeast Asia, in a series of forums at the 2017 Global Peace Convention.
Extreme income disparity and lack of a strong middle class have kept societies unstable throughout the world. Outbreaks of war and civil disorder divert development resources to military and security use, and cripple incentives for investment and long-term development. Other human costs can’t be measured—disease, displacement, poverty and destruction of infrastructure.
Conversely, economic activity thrives in an environment of political and social stability. Peace is a precondition of prosperity, but economic cooperation and openness leads to peace. We in the business community have a vital role to play in promoting peaceful commerce for the welfare of all people.
The ten member states comprising the Association of Southeast Asian Nations (ASEAN) represent one of the most dynamic economic blocs in the world. ASEAN is a global hub of manufacturing and trade, one of the fastest-growing consumer markets, and currently the fourth-largest exporting region in the world. With more than 600 million people who speak multiple languages and dialects and represent a multitude of cultures and religions, the ASEAN region is a complex place to do business, but a region that offers compelling opportunities.
The opportunities presented by the dynamic region are tempered by ongoing conflict and underdevelopment that require broad collaboration, including the business community, to effectively answer. In 2017 Philippines President Rodrigo Duterte assumes the chairmanship of ASEAN, and he has pledged to “enhance cooperation with global partners to ensure that the ASEAN citizens live in peace, stability, security, and growth.”