Since the world faces many challenges in 2009 including a global economic crisis, climate change, political upheavals and more, what are Asias main challenges in 2009 and how will you be affected? - by Alexander Esguerra

Since the world faces many challenges in 2009 including a global economic crisis, climate change, political upheavals and more, what are Asia's main challenges in 2009 and how will you be affected?

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by Alexander Esguerra

Created on: March 19, 2009

Timeline 1987, a few months right after the effects of the US Recession hit the Philippines found myself in an export seminar on christmas decors exports. The slide presentations centered on how the opportunity for the potential was on this tiny segment of the gifts, toys and houseware hardgoods claiming a US$2.0 B market for the United States annual imports alone. Taiwan was the major supplier in Asia and the Philippines was only capturing about 0.87% share of this expanding market opportunity.

That sparked the 19 year old flare on me together with 24 of us in that seminar of what was to become the Christmas Decors Producers and Exporters Association. A few months followed our first export trade exposure led us to the 109th Califonia Gift Show having one of the great diplomats like the Philippines Amabassador to the United States Emmanuel Pelaez. One year and one half followed, found myself as one of the youngest export leaders in the industry drawing the platform for the Medium Term Philippines Development Project. In 1992, the Philippines share rose to about 8% share of the lucrative $3.0 B imports of christmas ornaments by the United States alone. What's the catch and why the story line?

Part of this enormous growth is credited to regulatory exports of the Philippine government, the Asian Development Bank, the IMF and the USAID. On an industry level, we created a network of 250 regular members from the initial 25 home based micro enterprises. On our company alone that started from a garage operations of three people open the opportunity to my neigborhood of 20 in house workers and a subcontracting nationwide livelihood pool of 1000 workers coming from different provinces.

In the United States from the efforts of then Former President Ronald Reagan who was a typical hollywood celebrity to inspire americans, a new era of socially conscious Wlliam J. Clinton came into power. Enormous interventions in NATO and the APEC (Association of Pacific Economic Cooperation) and the ASEAN came together towards aiding micro enterprises are mere leverage for technological processes and improvement.

1998 saw the crisis once again originating from the Asian Financial crisis followed by the New York Stock Exchange and Wall Street when dot.com market collapse which I was also a victim admittedly.

Goverments needs to bring the people back to the markets. Just like in the success of the 1987 economic recovery plans, poverty stricken economies did not have a stumbling block. Regulations

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Since the world faces many challenges in 2009 including a global economic crisis, climate change, political upheavals and more, what are Asia's main challenges in 2009 and how will you be affected?

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