The Asian Juggernaut Isn't Really Slowing Down

The Thai baht is on the ropes, there is a big question mark over Hong Kong's future, Korea is the pits, and nobody is quite sure whether Malaysia and Indonesia will soon join the list of wounded tigers. The glow of Singapore's propaganda about the Asian economic model without the weakness of Western democracy is fading. How much of this malaise is temporary, and how much is basic and lasting--leading to poorer performance?

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