What led to the creation of the Asia Business Council?
In May 1999, 37 business leaders from across Asia and the United States gathered in Hong Kong in response to the economic crisis buffeting the region. This group realized that the private sector needs to be more effectively engaged in the changes brought about by globalization During that meeting, consensus was reached to explore the creation of an on-going membership organization to allow the private sector to take on this role. The Asia Business Council is the organization that has evolved from this initial meeting.
