Why the U.S. Still Drives Asia's Growth
With increasing evidence of an imminent bursting of the housing market bubble in the U.S., aggravated by unfolding woes in the sub-prime mortgage sector and a consequent deceleration in consumer demand, a growing number of commentators have nevertheless advanced the sanguine argument that, this time around, the rest of the world will be able to avoid a "cold" even should the U.S. economy "sneeze."
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