Given the interdependence of the global economy, the economic slowdown in the West is likely to have worldwide knock-on effects. How serious will these effects be for the emerging economies of South East Asia? The following articles consider this question.
The decoupling debate The Economist (6/3/08)
Can Asia escape the effects of the downturn in the West? Times Online (17/3/08)
Just enough power to save themselves Times Online (25/3/08)
Questions
| 1. | Explain the term emerging economy. |
| 2. | Discuss the extent to which the economic performance of the emerging economies will help reduce the likelihood of recession in the UK. |
| 3. | Discuss the extent to which the economic performance of the emerging economies is likely to be affected by recession in the USA. |