Asian Tigers might take time to recover from U.S. flu

There is an overused euphemism in politics and economics that goes something like "When the U.S. sneezes the rest of the world catches a cold."" In 2001/2002 with the technology-industry bust the U.S. sneezed and Newly Industrialized Economies of Asia sometimes referred to as the ""Asian Tigers"" caught a cold via a significant downturn in exports. This time however it seems more like the flu with the NIEs experiencing an export decline more complex and broad-based than that of 2001/2002. This means that this time recovery of the NIEs will be more difficult and . . .

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