Financial Times columinst David Pillig discusses Asia’s over reliance on exports and my co-authored Foreign Affairs article with Kenn Cukier.
Asia will struggle to escape its export trap, David Pilling, June 25 2009
“As a forthcoming article by Brian Klein and Kenneth Cukier in the journal Foreign Affairs points out, Asia’s export-dependent economies – with the important exception of China – have fared even worse than the western economies where the lightning of the financial crisis struck. Taiwan’s exports shrank in the last quarter of 2008 by 42 per cent, while production dropped at a faster rate than the US experienced during the Great Depression. Similarly sharp contractions have happened all over Asia.”
Foreign Affairs article summary.