Daniel Wagner: Emerging Risks in Asia

Daniel Wagner: Emerging Risks in Asia.

Some economists believe that Asia is largely insulated from the ongoing economic crisis in Europe and North America, and that Asia’s persistently high growth rates are evidence either of a decoupling of two parallel universes, or of the notion that much of developing Asia has in essence ‘graduated’ from reliance on the developed world for its economic well being. However, there are a number of trends and associated risks emerging in Asia at the present time that fundamentally challenge this assumption — namely, heightened competitiveness, weakening economic fundamentals, rising economic nationalism, and an increasing orientation toward militarism.

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