Checkout the great articles in the new AsiaNow newsletter from Mathews Asia. This issue focuses on the ramifications of the current economic crisis and larger issues of cultural and governmental influences that affect the future of Asian economies.
The biggest lesson of the current crisis for Asian countries is that they can no longer depend on the West as a market for their exports, nor for reliable returns on their investment capital. To address the first issue, Asia has to cultivate its domestic consumer markets to sustain its growth.
PS - Thanks to the ICA Newsletter for recommending this brief video featuring Stephen Roach, Morgan Stanley Asia’s chairman, addressing domestic consumption in China.
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