Is Asia emerging as a more self-powered, interdependent region as it battles back from the global economic crisis, recovering faster than the West? And is China becoming the new center for Asian trade, investment and consumption?
“What’s happening is that Asia is discovering itself as a market in policymaking and is its own growth engine, so to speak,” said economist Peter Petri, an East-West Center senior fellow and professor at Brandeis University.
The year’s changing economic outlook in Asia was chronicled by journalists in five 2009 EWC programs. They blogged, tweeted and reported on the global economic crisis as it shook the region.