This interesting analysis from the Financial Times blog asks whether the miraculous growth rates observed in China and elsewhere in Developing Asia can be sustained. This is a critical question for issues we have discussed in both courses in recent weeks.

In International Economics, we have looked at recent trends demonstrating that that these countries are the new frontier of high-export Asia, having displaced the newly industrializing economies (Hong Kong, Taiwan, Korea, Singapore) that dominated export growth in previous decades.  Moreover we have seen that Developing Asia is an increasingly important destination for exports originating in economies at all levels of development.

In the Latin America seminar we have seen how Asian demand for Latin American exports help dampen the shock of the global financial crisis, and is providing impetus for impressive growth rates in the region today.