1 From this observation, we can easily infer how fast the Asian economy should grow relative to the rest of the world economy in the future. This is not such a surprise if we recall that, for eighteen of the past twenty centuries, Asia has produced over half of world output.
2 And given this, it is to be taken for granted that Asian, and particularly East Asian, economies, have contributed so greatly to the world economy’s recovery from the global financial crisis. In this regard, I think discussion of the role that our dynamic East Asian economies have played in overcoming the crisis is both timely and useful.