However, there is good reason to assume that regional integration will deepen in Asia. This leads to the interesting question: Who will be the main driving force of this process? IV What has to be done in the respective regions to cope with the challenges posed by globalisation? A high degree of adaptability will be needed.
The US, with its flexible economy, comparatively favourable demographics and high degree of penetration of the economy with information and communications technology has every chance of successfully overcoming the challenges described. However, the US current account deficit is a clear indication that there is a need for structural adjustment, too.