In this paper, we investigate the degree of real economic interdependence between emerging Asia and major industrial … countries to shed light on the heated debate over the "decoupling" of emerging Asia. We first document the evolution of …, the reverse is also true. Output shocks from emerging Asia (and the People's Republic of China [PRC]) have a significant …

We investigate changes in Asia's regional and global trade linkages and their influence on macroeconomic relationships … among Asia, Europe, and United States (US). We first document changes in trade patterns of East Asia, Europe, and US and … discuss stylized facts about East Asia's trade structure. The People's Republic of China (PRC) plays a critical role as an …

exchange has increased significantly over time, and now approaches that in the European Union. Nonetheless, Asia's official …

the rapid transformation of the Asian economy, the challenges it faces, emerging regional solutions, and how Asia can play … a more constructive role in the global economy. Asia is becoming not just the world’s factory, but also its leading … creditor, and one of its key sources of dynamism and stability. Key questions are identified and addressed in three areas: Asia …

frequent, longer lasting, and more severe in Asia than in the Organisation for Economic Co-operation and Development countries … financial crises or recessions in Asia. In view of the current global crisis and severe financial downturns, Asian economies are …

Asia's economic transformation as well as social and cultural changes, and suggests the ways that Asian economies can … ongoing policy debate on Asia's economic future"-- …