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Evan A Feigenbaum: Out with old in Asia?

As Asia rings in 2011, will it ring in a new economic order too?

As Asia rings in 2011, will it ring in a new economic order too? For two generations, with India a conspicuous exception, much of Asia relied on global demand to power its growth. But as the world economy claws its way back from crisis, others are looking to Asia to step up and lead. With the glaring exception of Japan, Asian economies are recovering earlier and stronger than nearly all others. And from Bangalore to Beijing, Asians have become a force on the global canvas — trading, building, investing, and innovating. Asians have assumed new weight in the G20 and Bretton Woods ...