IMF Officials At AGSM Say Australia Well Placed For Asian Century

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IMF Officials At AGSM Say Australia Well Placed For Asian Century

Two senior IMF officals shared their insights into the state of Australia's economy and financial sector at a forum especially organised for students at AGSM

Dr Takeda Masahiko and Dr Cheng Hoon Lim discussed positioning Australia in the Asian century

The IMF is the world's most powerful multilateral lending organization. The results of its surveillance and monitoring affect economic policy around the world, and two of its top officials stopped at the Australian Graduate School of Management in Sydney on a working trip to Australia.

Deputy Director of the Asia Pacific Region, Dr Takeda Masahiko, and the IMF's Division Chief of Monetary and Capital Markets, Dr. Cheong Hoom Lim, shared their thoughts on the significant economic issues facing the region with students and faculty at AGSM.

Dr Masahiko and Dr. Lim discussed the regulation of Australia’s banking system and how the country's financial services sector can seize opportunities in rising Asian economies while promoting economic stability in the region.

This event was organised by The Institute of Global Finance at the Australian School of Business and FINSIA , the Financial Services Institute of Australia. A number of academics from the University of New South Wales and some 100 students from ASGM attended the function.

Australia managed to escape the recent global financial crisis unscathed thanks to strict government regulation, helped by the fact that its trading partners in Asia have been on the rise.

But growth in India and China is slowing down so this might be a chance for Australia to swoop in and reap some advantages. They also discussed concerns that the Asia-Pacific region cannot remain immune should the situation in advanced economies continue to deteriorate.

Fariborz Moshirian, Professor of Finance and Director, Institute of Global Finance at the Australian School of Business said: “We were very fortunate to have two high profile officials from the IMF willing to share their thoughts about the significant economic issues facing major countries in Asia, and Australia with the students of Australia’s leading graduate school of management.”

Last year's employment statistics from the 2011 MBA class at AGSM showed that 64.5 per cent of them got jobs in Australia while 13 per cent of them got jobs in Asia. 21 per cent of these graduates were employed in Accounting and Finance roles. Among the companies that regularly recruit from AGSM are Macquarie Bank, UBS, Westpac bank, and National Australia Bank.

Click here to read the transcript of the IMF discussion at AGSM. To read more stories about students, alumni and programmes at Australian Graduate School of Management click here.

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Author:: Ifeatu Nnaobi
Published:: Sunday 28th October 2012 13:45:00 GMT

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