If there is a strong point that President Duterte said in his speech during the APEC CEO session 7 in Da Nang, it was this: “Charity is not what less developed economies and small businesses need. What they need are greater market access and the opportunity for growth and development.” It’s true since developed countries seemed to treat underdeveloped countries like beggars, thus, they received lot of donations from well-off nations. In the process, the beneficiary countries become too dependent on donations and forget the essence of self-reliance.
Small economies could not speedily advance due to many factors such as lesser or no access to markets at all. Asian countries are speaking of cooperation. This will be translated into action if developed Asian economies will observe benevolence by doing interventions to help businesses access to Asian markets. Through bigger markets, the growth of small businesses would be in a faster pace unlike if they rely on local markets, the return of investments would be small and snail-paced.
Paving the way for investment opportunities among Asean countries would also give meaning of ASEAN cooperation. Cooperation also means ASEAN member countries should contribute for the betterment of their neighbors not only for themselves. This would be possible if these countries are benevolent enough to open windows of opportunities for small businesses and would not only cater to big businesses. By accommodating the small economies in terms of investment opportunities and market access is believed to strengthen the ties between ASEAN countries.