The panel will discuss the financial modernization policies and international financial models for the financial centers that drive the Asian countries' economies. Our guest speaker from the United States, an expert on the global financial crisis, has a high profile in the arena of global economy and investment.

The current crisis raises the question of how the Philippines' economy individually and collectively with its partners should react to the current global financial crisis and the upheaval of the American financial model; in other words, what policies and programs should be adjusted and what implications for regional cooperation would result? Significantly, what impact on the socially and economically underdeveloped region will it have? It is expected that the U.S. predicament will serve as the main reference case.