After the fnancial crisis that engulfed the global economy for over one-and-a-half years, the trade performance of Asian economies during and following the 2008 tsunami, particularly of China, India, Thailand, Malaysia, South Korea, Japan, Singapore and Chinese Taiwan, offers some objective grounds for optimism. Hie current century is billed as the turn of Asia to march ahead and, interestingly, the assault during the first decade on the global economy has left many an Asian economy largely unscathed. This is all the more comforting, given the reality that financial institutions in the developed countries had to be bailed out on the ground that they were too big to fail.
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