Reasonableman, on Today, 16:46 , said:
Europe as an economic model is hardly the star in the firmament right now, and is on the verge of imminent collapse. The parallel with ASEAN is...?
A little exaggerated, don't you think? 'Europe' per se ain't doing too bad, considering the recession suffered of late. Medicine is being taken and certain economies are slowly, but surely, steadying and recovering.
I think you mean that artificial currency called the EURO when you say 'imminent collapse', and that is down to one country in particular, and two or three more, possibly.
Successful economies are based on internal domestic demand, ie the ability to earn, compete, innovate, and consume. The nations of SE Asia, with a couple of notable exceptions, will never increase the standards of living of their populations by such a degree that domestic demand is stimulated so much. This region will, by and large, continue to make products that are consumed by 'the west', rather than by themselves.





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