Asia: One Year Later

On the first anniversary of Asia's worst recession in half a century, it is clear that the geoeconomic shape of the Pacific Rim will be far different from what anyone anticipated just a year ago. The fulcrum of growth is slowly shifting from a senescent Japan and stagnant Southeast Asia to a dynamic, confident China. President Clinton's remarkable journey will likely mark this tectonic shift for future histories. Consider these events taking place:

To continue reading this article you must be a Bloomberg Professional Service Subscriber.