Dhaka,

31 May 2025


CA urges Asian nations to work together to face shared challenges

Business Eye Report

Published: 10:04, 29 May 2025

CA urges Asian nations to work together to face shared challenges

Chief Adviser Professor Muhammad Yunus on Thursday urged Asian nations to work together to address shared challenges and unlock new opportunities for prosperity.

"As we look to the future, I believe, Asian nations can work together even more closely to address shared challenges and unlock new opportunities for prosperity,” said Dr Yunus.

The Chief Adviser remarked these while delivering his keynote speech at the inaugural session of the 'Nikkei Forum: 30th Future of Asia' here this morning, reports BSS.

"We need to build a clear path toward a shared future and shared prosperity," he said, presenting seven suggestions to reach the goal.

Stressing the need for converting Asia’s interdependence into cooperation, Prof Yunus said that Asia’s diversity of economies, cultures, and political systems, is both its strength and its test. 

"Our fates are increasingly intertwined. A supply chain disruption in one country ripples across borders."

He said, “Environmental degradation in one part of Asia affects rainfall patterns in another while political instability in one region impacts global energy and trade flows.” 

"Our job is to convert this interdependency into cooperation, not conflict; to invest in shared prosperity, not zero-sum rivalries," the Chief Adviser said. 

CA suggested forging robust economic and technical cooperation saying Asia needs a stronger and sustainable way to finance its development. 

“Regional development banks and financial institutions should take the lead in funding our growing needs”, he said. 

“Asia is still one of the least connected regions in terms of trade”, he said, adding “This lack of integration holds back investment and business opportunities.”

"We must act now to improve trade partnerships across the region. Asia should build a strong technology ecosystem—one that is inclusive, fair, and sustainable," Prof Yunus said. 

Calling for promoting inclusion, empowerment, and sustainability, he said "We must not forget the billions who still live on the margins—disconnected from opportunity, vulnerable to shocks." 

"My life’s work has shown that poverty is not created by the poor. It is created by the system. We must redesign that system. The world we inherited was built on assumptions of trickle-down economics, centralised control, and wealth maximisation.”

"We need to build a new architecture —one that promotes inclusion, empowerment, and sustainability at every level. This is where Asia can lead," he said. 

Asking to transform lives through investment in people, the Chief Adviser stated: "Let us invest not just in infrastructure and industrialization, but in people—through education, health, social business, and digital access."

He stressed embracing the idea that profit and purpose can coexist and that social business can transform lives where traditional markets and governments fall short.

About green transition, Prof Yunus said, “Asia is both a victim and contributor to climate change.” 

“Rising seas threaten Bangladesh and the Pacific Islands. Glaciers in the Himalayas are melting, endangering freshwater for billions”, he said. 

"We need a Pan-Asian Green Transition—driven by youth, entrepreneurs, and communities. Let us support renewable energy cooperatives, climate-smart agriculture, and circular economies. Let us create platforms that allow grassroots innovators to scale across borders," he said. 

Prof Yunus underscored taping the potentials of youth and shifting from job seekers to job creators.

“Half of Asia's population is under 30, who are Asia’s greatest strengths and their creativity and energy should be at the center of our efforts”, he said. 

"Our youth are ready—but they need the tools, trust, and freedom to shape their own futures. Social business, digital platforms, and microfinance can unleash a new wave of grassroots-led innovation," the Chief Adviser said. 

He said he always encourage young people not to wait to find a job but create one. 

Mentioning that human being is born to become entrepreneurs, Prof Yunus said "Build something that solves a problem. Be a job creator, not just a job seeker".

Finally, he said, “In a turbulent world, people’s empowerment and grassroot leadership matters more than ever.”

“Asia must offer not just economic strength, but a new moral compass—one that champions peace over power, cooperation over competition, sustainability over short-term gain,” he said. 

"We must move from wealth concentration to wealth distribution, from capitalism for profit to capitalism with purpose. In my country Bangladesh, we have seen how social business has uplifted millions," he said. 

"Let that be a lesson: when people are given dignity, trust, and a chance—they rise. Not just as workers, but as change-makers," the Chief Adviser added.

TH

News