It is important that regulators carefully consider their responses to market inefficiencies. Predatory lending is an issue that clearly needs to be addressed, but in a way that preserves the incentives for responsible subprime lenders to continue making home ownership possible for worthy borrowers who may have some credit problems.
Some observers prefer to describe the emerging economies of Asia as re-emerging economies to clarify that shift of wealth to Asia that is taking place is not an unprecedented situation, looking back into economic history, of course, by about three centuries. As per an OECD publication, in 1700, India's share in world GDP was 24.4 per cent, while China's share was 22.3 per cent.