Prime Minister Julia Gillard will call on European and Asian leaders to develop clear plans as the two regions wrestle with different economic challenges.
Ms Gillard, who is attending the 9th Asia-Europe Meeting (ASEM) in Laos, will also use the summit as an opportunity to brief world leaders on Australia's new foreign policy roadmap.
The summit, which is largely focused on dealing with the poor economic outlook in Europe, is the first opportunity for Ms Gillard to canvass reaction to the Asian century white paper on the world stage.
Released just over a week ago, the paper comes during gloomy times for the global economy, with the most recent figures showing unemployment across the Eurozone has risen to a record 11.6 per cent.
European leaders attending the talks are expected to provide an update on efforts to address financial market tensions, restore confidence and stimulate growth and jobs.
The issues of reform of international financial institutions and protectionism are also on the agenda.
The prime minister was set to address leaders at a closed-door plenary session later on Monday, during which she was to call on both the European and Asian regions to come up with clear strategies in response to the very different economic challenges they faced.
"Europe is facing challenges of restarting growth. It is seeking to come out of recession and to harness growth to create jobs," Ms Gillard said in Vientiane on Monday.
Asia, Ms Gillard said, was facing the challenges that come with having to manage rapid growth.
"Whether facing either of these challenges, nations need a clear plan and regions need a clear plan," she said.
Ms Gillard pointed to Australia's success in winning a temporary seat on the United Nations security council, its hosting of the G20 leaders' summit in 2014 and the Asian century white paper as the three key items on her own agenda at ASEM.
"Australia has a clear national plan for its own outlook for growth which is the white paper," she said.
"I will certainly in the course of my discussions with fellow leaders and representatives here be briefing people on the content of our white paper ... our plan to ensure that Australia is an economic winner in this time of growth in our region."
Ms Gillard warned that it was essential for European leaders to take further action to deal with deteriorating economic conditions, and that the rest of the world was "very focused and concerned" about what measures would be taken.
The world understood that "should matters in relation to the eurozone become even more problematic, that it risks contagion into the global financial system", Ms Gillard said.
The prime minister will also hold a series of bilateral meetings while in Vientiane.
She met with Laos Prime Minister Thongsing Thammavong on Sunday afternoon and Burma's President Thein Sein on Monday.
Ms Gillard was expected to also hold bilateral talks with British Foreign Secretary William Hague, French President Francois Hollande and Pakistani Prime Minister Raja Pervez.
The summit's second plenary session on Tuesday will focus on terrorism, piracy at sea and the proliferation of weapons of mass destruction. Energy security, water resources management and food security will be also be discussed.
Ms Gillard will travel to Indonesia on Wednesday ahead of the Bali Democracy Forum on Thursday and Friday, which she will co-chair along with Indonesian President Susilo Bambang Yudhoyono.
The two leaders will also hold bilateral talks on the sidelines of the forum.