So where have all the Asian tigers gone? – MENAFN.COM

So where have all the Asian tigers gone? – MENAFN.COM

REVIEWING THE ORDER: There is no magic bullet that can ensure "emerging" Asian economies actually emerge and live up to their huge promise. But a radical reconsideration of capital-account management in such countries would be a good place to start, opines the writer. (MENAFN - Gulf Times) This was supposed to be the Asian century, with the ascent of China being only one – albeit a major – part of the story. The rest of it was going to be about other rising regional stars: potentially huge economies like India, rapidly industrialising upper-middle-income countries such as Malaysia, strategically significant exporters of minerals and other raw materials like Indonesia, and some relatively new kids on the block, including Vietnam and Bangladesh. Many regarded Asia as the world's most dynamic region, one with relatively favorable demographics and potential for economic diversification, while China's increasingly gargantuan economy and evolving supply chains would inevitably pull along much of the region. China's own external trade and foreign investment plans strengthened this belief. The country would provide substantial foreign aid, direct investment, and loans from institutions like the China Development Bank and the Export-Import Bank of China, and then in a supposedly more structured