New Economist: 2005: Another good year for the Asian century
リンク: New Economist: 2005: Another good year for the Asian century.
2005: Another good year for the Asian century
Bloomberg's William Pesek Jr. reminds us of An Award-Winning 2005 for Asia's Economies:
In 2005, Asia reminded the world whose century this is. A booming China, resurgent Japan and vibrant India helped shift the pendulum of global growth eastward. And investors who shook off bad memories from the 1997 Asian crisis to bet anew on Asia weren't disappointed.
As of Dec. 29, the Morgan Stanley Capital International Asia- Pacific Index gained almost 22 percent this year in U.S. dollar terms -- gains were far bigger in local currencies. For all the talk of a thriving U.S. economy, the Dow Jones Industrial Average seems poised to end the year unchanged.
There was plenty of bad news, too. North Korea's antics grew even more bizarre in the past 12 months. Differences of opinion over World War II kept Japan, China and South Korea from even getting together to discuss Asia's future. Concerns about a bird flu pandemic or terrorist attacks clouded markets from Seoul to Sydney and from Tokyo to Islamabad.
