From Japan to India, the nations of Asia struggle to maintain growth, balance their economies, and fight slowdowns. For most of these countries, the days of high-flying growth are long over, while for others, they never began. It is past time for the rest of the world to pay attention to the threats to Asia’s economic health. Uneven development, asset bubbles, malinvestment, labor issues, and state control over markets are just some of the features of economic risk in the Asia-Pacific. And because Asian economies are increasingly interlinked, problems in one country spill over to others.
Michael Austin, "The End of the Asian Century: War, Stagnation, and the Risks to the World’s Most Dynamic Region" (10 January 2017), National Interest