The recent events have indeed debunked the myth of Asia decoupling from the U.S. I see a three-fold hope in that irony. First, the strong and aggressive policy actions by the US could move it closer to a recovery than without such action. Second, individual economies outside of the US are also doing their part to shore up confidence in their own economies.
Third, there is a heightened desire to improve the coordination and cooperation among national governments to resolve the current global financial crisis, including more openly sharing information and the thinking behind policy actions. This would help fuel policy actions forward. The current crisis has brought to fore that, with its good points, globalization also brings many challenges.