Department of Foreign Affairs and Trade

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(No Transcript)
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Department of Foreign Affairs and Trade
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Forces Driving Corporate Change
Relationships Weakening
New Rules
ASIA
Increasing Competition
New Finance Needed
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Relations under Strain -Many Loans Not Performing
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Relations under Strain -Bank Lending Contracting
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Competition IncreasingTariff Rates Falling
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Competition Increasing Foreign Direct Investment
Inflows Increasing
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New Finance Sources Needed -Value of East Asian
IPOs Rising
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Governments Tightening Rules -Checklist of
Reporting Requirements
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Accounting Standards VariableIndex Based on
Annual Report Inclusions
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High income economies leading
Hong Kong
Singapore
Australia
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Good progress in middle income economies
ROK
Japan
China
Taiwan
Malaysia
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Slower progress in emerging economies
Vietnam
Thailand
Philippines
Indonesia
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Best opportunities in economies moving to rules
based business
Implications for Business?
Opportunities to implement regulation revolution
Listing and disclosure rules set to reduce risk
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Summing up

• Relationship approach set to decline
• Crisis, competition, finance needs driving
  move to rules based business
• Slow progress risky in emerging economies
• Aid program opportunities
• Commercial implications significant