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Friday, December 28, 2012

The east will rise above the west - FT Exclusive Comment

Financial Times

FT Exclusive Comment
Friday December 28 2012

The east will rise above the west
The number 13 is unlucky in Western minds. It is not in Asian minds. This may explain in part why many Westerners view 2013 with foreboding. Most Asians do not.

Of course, if the US Congress takes the world off the fiscal cliff or if the eurozone finally cracks up, all bets are off. The global economy will then have another painful stumble. Fortunately, this is not likely to happen. Indeed, the prospects are that both the US and China will do better in 2013 than in 2012. So too will many other Asian countries, writes Kishore Mahbubani.
http://link.ft.com/r/6NPSBB/IE9BW2/5C0ZLF/97H8EB/20M36Q/B7/h?a1=2012&a2=12&a3=28

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