South Asian Star May 18, 2011

Page 1

May 18 - 31, 2011

www.southasianstar.com

Ph: 905 487 1320

Six nations including India to dominate growth by 2025 Six major emerging economies including India will account for more than half of the global growth by 2025 and it is likely that the international monetary system will not be dominated by any single currency by that time, a new World Bank report said on Tuesday. As economic power shifts, these successful economies will help drive growth in lower income countries through cross-border commercial and financial transactions, the bank said in its latest report ‘Global Development Horizons 2011 Multipolarity: The New Global Economy’. According to the report, the six countries-- Brazil, China, India, Indonesia, South Korea, and Russia-- will grow on average by 4.7 per cent annually between 2011 and 2025. However, the advanced economies which are expected to grow by 2.3 per cent over the same period will remain prominent in the global economy with the euro area,

Japan, the United Kingdom, and the US all playing a core role in fuelling global growth. “The fast rise of emerging economies has driven a shift whereby the centres of economic growth are distributed across developed and developing economies

it’s a truly multi-polar world,” said World Bank Chief Economist and Senior Vice President of development economics Justin Yifu Lin. Global Development Horizons maps out the challenges that a multi-polar world economy poses for developing countries over the next 20 years. Growth spillovers

are likely via cross-border trade, finance, and migration, which will induce technological transfer, and increase demand for exports, it added. With the emergence of a substantial middle class in developing countries and demographic transitions underway in several major East Asian economies, stronger consumption trends are likely to prevail, which in turn can serve as a source of sustained global growth. To sustain growth and cope with more complex risks, economies that are home to emerging growth poles need to reform domestic their institutions, including in the economic, financial, and social sectors. China, Indonesia, India, and Russia all face institutional and governance challenges. Human capital and ensuring access to education is a concern in some potential growth poles, particularly Brazil, India, and Indonesia.

Road Today Truck Show set for May 28 and 29 Entry, Parking and Entertainment is FREE After the tremendous success of 2009 and 2010, the 3rd Annual Road Today Truck Show will be organized at the Powerade Centre in Brampton on May 28th and 29th (Saturday & Sunday), 2011. Produced by Road Today Media Group and organized during the South Asian heritage month of May, the weekend trucking event will be a true reflection of the changing face of the trucking industry with an ideal blend of cultural extravaganza.

The event has generated huge interest from all sectors of trucking industry. About 100 exhibitors will showcase the latest in trucks, heavy-duty parts and accessories, engines and power train components, service shop equipment and supplies, tires, fuels, financial services, and many other products and services used in the trucking and transportation industry. The event is absolutely free of cost to attend and will include plenty of activities including In-

side & Outside Trade Show, Show & Shine, Job Fair, Road Safety Awareness including OPP Rollover display, Kids and Family Entertainment, Ethnic Food Stalls and lots more. It’s a show not to be missed! Detailed information on Road Today Truck Show, line up of events including list of current exhibitors is available at www.roadtodaytruckshow.com For more information call Manan Gupta at 416 451 0040.

Canada has Spoken: Top 25 Immigrants of 2011 Baljit Bawa from Brampton amongst chosen few

TORONTO - A famous Dragon investor, a former Toronto Argonaut football coach and an influential former cabinet minister are among the winners of the third annual Top 25 Canadian Immigrants awards presented by Canadian Immigrant Magazine and sponsored by RBC. This national people’s choice award celebrates the untold inspiring stories and remarkable achievements of immigrants to Canada. More than 25,000 Canadians voted online for their top choices, some 15,000 more than voted for the first awards two years ago. The winners will receive a commemorative certificate and lapel pin, as well as a $500 donation to an authorized Canadian charity of their choice. The 2011 awards program received more than 500 nominations over a two-month period, from which 75 finalists were shortlisted by a panel of Canadian Immigrant Magazine judges. The awards program was also supported by the Toronto Star, Metro and Sing Tao. Some of the well-known Top 25 Canadian Immigrants of 2011 are: • Michael “Pinball” Clemons • Robert Herjavec • Jean Augustine • Karim Hakimi • Nick (Naeem) Noorani Pg 2

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South Asian Star May 18, 2011 by Road Today - Issuu