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While East Asian countries have entered the current crisis substantially better prepared than they were for the 1997 Asian financial crisis, none have been spared the full fury of the global economic storm, says the World Bank’s latest six-monthly assessment of the East Asia & Pacific region’s economic health. In the face of weakening export [...]

Asia is a puzzle. China, India and several other countries are enjoying rapid economic growth. Yet some 600 million Asians – more than the entire population of Latin America – live on less than a dollar a day. But this puzzle is also an opportunity:  if China and India can sustain their 8-10 percent annual [...]