Articles:
The rise of Asia is not a simple matter of East versus West
30.10.08 Publication: The Independent
There is a tendency, particularly in
In economic terms, these nations are becoming more integrated: trade between them is increasing as a share of their total trade, up to nearly 50 per cent now, which is lower than the EU´s 65 per cent, but just above the intra-regional trade inside the North American free trade area. The Asian countries are more integrated because they are conscious commercial competitors and therefore, I think, stimulating the reforms in all three countries.
Inherent in the relationships between these three powers is a mixture of economic competition, growing commercial relationships and integration, but also political rivalry. One of the people I spoke to was someone who then became
In other words, this is a region of great hope for us economically, which is reducing poverty at a faster rate than anywhere else in economic history, which is now rich in capital and can produce some upward momentum at a time when the world economy will need support. But it has severe political question marks hanging over it. I cannot resist finishing with Groucho Marx´s response to someone when asked whether he´d had a wonderful evening. His answer was that he´d had a wonderful evening but this wasn´t it! That is the danger for
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