The Asian economic rebound (politicians, recession, best, issues)

[delusianne]

Outstanding article examining causes, questions and predictions surrounding current Asian economic success as it struggles out of the global recession.

The four emerging Asian economies which have reported GDP figures for the second quarter (China, Indonesia, South Korea and Singapore) grew by an average annualised rate of more than 10% (see article). Even richer and more sluggish Japan, which cannot match that figure, seems to be recovering faster than its Western peers. But emerging Asia should grow by more than 5% this year—at a time when the old G7 could contract by 3.5%. Western politicians should brace themselves for more talk of economic power drifting inexorably to the East. How has Asia made such an astonishing rebound?

Asia: An astonishing rebound | The Economist

[cleanhouse]

Originally Posted by delusianne

Outstanding article examining causes, questions and predictions surrounding current Asian economic success as it struggles out of the global recession.

The four emerging Asian economies which have reported GDP figures for the second quarter (China, Indonesia, South Korea and Singapore) grew by an average annualised rate of more than 10% (see article). Even richer and more sluggish Japan, which cannot match that figure, seems to be recovering faster than its Western peers. But emerging Asia should grow by more than 5% this year—at a time when the old G7 could contract by 3.5%. Western politicians should brace themselves for more talk of economic power drifting inexorably to the East. How has Asia made such an astonishing rebound?

Asia: An astonishing rebound | The Economist

The best source on economic issues you can have. I have the print edition at home and will read this when I get there.

I am very interested to see what they have to say.

Thanks for posting.