Asia has proven comparatively resilient against the current downturn, but hurdles still lie ahead. In order to maintain robust growth rates in the face of weak US demand, the region’s dynamic economies must stoke domestic consumption and embrace environmentally sustainable development policies. So says Stephen Roach, chairman of Morgan Stanley Asia and author of The Next Asia: Opportunities and Challenges for a New Globalization. Clay Chandler, Asia editor with McKinsey’s publishing group, spoke to Roach in Hong Kong.
Source: Clay Chandler, McKinsey Quarterly, November 13, 2009.
