There has been much sayings that the economy of Asia Pacific will start
to decouple from America and Europe as the
countries in the region
become more dependent on the emerging market in China and India, and
also the robust demand made possible by the economic boom in the
region. The concern become more widespread in the recent financial
crisis, from which the export to American market starts to dwindle
since the depreciating of the Greenback. The weak economic
indicators reported in the press and the corporate
meltdowns have been employed to justify their arguments. The 5%
unemployment rate in December, slower than expected retail sales,
Citigroup and Merill Lynch''''s write down of bad loans, credit crunch and
others, undeniably are indicators of potential
recession, which some of
the doomsayers say the recession could last until the next first or
second quarters. During this downturn, many emerging countries would
very likely to take over the role played by US as the largest buyer in
the world. Obviously these countries are China and India, and some
focuses on Eurozone as the appreciating Euros increases the purchasing
power.