14 Aug '11, 10pm

Asia in a messy world | TodayOnline

Problems in public finance in the United States and Europe have spooked markets. The debt ceiling debacle in Washington shows how divided politics have become. Riots first in Greece and now in the United Kingdom dramatically signal how governments struggle as downturns upend the expectations of citizens. Even as order is being restored, the outlook is for a potential recession in the West and an accompanying political malaise. Coming in the wake of uprisings in the Arab world, there are reasons to worry that, for too much of the world, Spring is turning into a long and torrid Summer. What of Asia? For most countries for much of the past year, the region has withstood contagion from revolutionary politics and continued to grow rapidly. Some may trumpet this as another step in the decline of the West and the rise of Asia. These relatively favourable conditions are, however, ...

Full article: http://www.todayonline.com/World/EDC110815-0000170/Asia-i...

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