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WORLD VIEW: Growth in dynamic Asian region can help to avoid double-dip international recession, writes PAUL GILLESPIE 

‘ASIA’S TIME has come. No one can doubt that Asia’s economic performance will continue to grow in importance.” Dominique Strauss-Kahn, managing director of the International Monetary Fund made this remark at a meeting in Daejeon, South Korea this week on the region’s economy. His pledge to increase Asian voting rights in the IMF bore it out.

So did his apology for the policy mistakes made by the IMF in handling the Asian financial crisis of 1997-98. Asian growth at 7.75 per cent will be key to avoiding a double-dip international recession, he said.

These significant acknowledgments of Asia’s importance draw attention to its changing...