Authors: Brian P. Klein, Former International Affairs Fellow in Japan, Sponsored by Hitachi, Ltd., and Kenneth Neil Cukier
July/August 2009
Foreign Affairs
For decades, Asia's booming economies built their wealth on export revenues. Today, they are suffering as Western demand collapses. If Asian nations, including China, are to weather the economic crisis, their governments will have to raise wages, boost domestic consumption, and build genuine social safety nets.
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