The Evolving Economic Picture in Asia
April 13, 2012
The following conversation derives from an on-line chat between Global Forecast editors and three CSIS scholars on opportunities inherent in the changing economic landscape in Asia.
When the next administration assesses the global economic picture on Day 1, what do you expect it will look like?
ERNEST Z. BOWER: Europe will look flat at best. Domestic growth will remain substandard. The president will know that new jobs will depend on a fast-growing Asia driving the global economy.
MATTHEW P. GOODMAN: I agree. That is why successive administrations have looked to Asia for growth and trade. It’s why President Obama spent so much time on his trip last November. And it’s why TPP is an integral part of the administration’s “pivot” or “rebalancing” toward Asia.