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The Competitiveness Institute's (TCI) Regional Conference "Benchmarking Pakistan 's Global Competitiveness" The conference was organized by the Competitiveness Support Fund (CSF), sponsored by the USAID, under the auspices of TCI and the Ministry of Finance, Government of Pakistan. Introduction Asia is the world's fastest growing region led by China whose growth rate will soon make it the world's fourth largest economy. China and India have begun to dominate segments of the global value chain including those which are knowledge-based and where innovation and increased productivity are critical such as IT. The relatively quick emergence of Asia has created substantial opportunities and challenges both to countries in the region and to the heretofore dominant economies of Europe and North America. Asia is attracting the interest of business people, policy makers and academics from all over the world as a market, an investment location, a production platform, and a competitor. With new articles and books feeding a growing literature on the new Asian markets, it is important to focus on understanding why and how they are improving their competitiveness. The World Economic Competitiveness Report indicates that Asian countries are moving up in the list of more competitive economies yet serious constraints still exist and must be overcome. Which are the leading economic sectors of these countries? How c an the other regional countries and those outside the region better benefit from progress made in China and elsewhere in Asia ? What programs and policies would be necessary to develop a competitive economy in this new regional environment? Are there opportunities for a wider intra-regional "pull" factor such as that between Hong Kong and China? The challenges and opportunities for all countries in the Asian region and for those outside it will form the focus of the Asian regional conference of The Competitiveness Institute (TCI) to, which was held in Islamabad in May 2006. Competitiveness experts and cluster practitioners and policy makers from Asia and the Pacific attended the conference to share views on policies necessary for creating a competitive economy. Experts from other countries that have a keen interest in better understanding the phenomenon of Asia 's increasing competitiveness also attended the conference. The conference took place in Pakistan to mark Pakistan's determination to improve its competitiveness both regionally and globally. Pakistan sits astride the old silk route and has long been a significant economic player in the region. This proved an opportunity to listen to and exchange ideas with Pakistan 's public and private sector leaders engaged in a nationwide dialogue to reposition Pakistan in the global market. The conference also provided a platform for Pakistan to present its investments and policy reforms intended to create higher value and increase productivity as elements of a nascent competitiveness strategy that will also improve Pakistan 's standing in global competitiveness rankings. Key Contacts: Mr. Arthur Bayhan Mr. Mohammad Uzair Mr. Amir Jahangir VENUE : Islamabad Serena Hotel, Islamabad Marriott Hotel
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