The Asian miracle

The mature reaction of the Asia Pacific region to chaotic global economies signals a strength that will be hard to overlook

Paint emerging Asia in numbers and the result is stunning. First, there is the largest population in the world. Then there is the highest GDP growth in the world with predicted growth for 2008 at 7.6%. Look beyond these macro numbers and investors will see the same story - there are 1.1 billion mobile phone subscribers in emerging Asia. This number is forecast to double in the next five years. The 'Asian miracle' is a phrase that has persisted for years - and for good reason. When faced with stern tests, Asian economies have bounced back. Lessons learned from the financial crisis of 1997 ...