Modern currency crises the fracturing of Europe's exchange-rate mechanism in 1992, the Mexican peso crash in 1994, the collapse of East Asia's currencies in 1997, and the recent attacks on the Russian rouble are often blamed on them.
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With the increasing severity of the security environment in East Asia, the importance of the Japan-U.S. alliance is increasing evermore.
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"With the increasing severity of the security environment in East Asia, the importance of the Japan-US alliance is increasing, " Mr Noda said.
Numerous crises, from the collapse of Europe's exchange-rate mechanism in 1992-93 to the trauma in East Asia of recent months, make this clear.
Networks of exiles dominate trade in many parts of the world: the Indians in east Africa and parts of the Caribbean, the Chinese in South-East Asia, and so on.
The partial or total removal of external female genitalia is illegal in the UK but the practice occurs in parts of Africa, the Middle East and Asia.
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This week that optimism became harder to sustain, as it emerged that two of the country's biggest banks are facing serious problems in the aftermath of East Asia's financial crisis.
There is, in other words, nothing mysterious about the effect that China is having on corporate strategy in the rest of East Asia.
And to tell you what you already know, the UK doesn't have a huge sovereign wealth fund, of the sort they have in Norway, much of the Middle East and Asia, keen and able to make massive long-term investments in the gubbins that underpin a nation's ability to grow and create wealth.
The Leaders agreed to meet again in 2011 at the time of the 6th East Asia Summit to take place in Indonesia.
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The end of the Vietnam war, the industrialisation of South-East Asia and then, in the early 1990s, the closing of the naval shipyard all contributed to the demise of Philadelphia's labour-intensive manufacturing.
The idea of embedding the growing powers of Asia, Russia, and the Middle East in the kind of new liberal order favored by people like Fareed Zakaria is, for Kagan, a hopeless dream.
First, that a lower yen could trigger another round of financial-market turmoil in the rest of East Asia.
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Only one in three Arab women over the age of 15 works, compared to more than two out of three in East Asia, reflecting both conservative social attitudes and the slow growth of employment opportunities for either sex in much of the Arab world.
The saving surplus in East and South-East Asia is the legacy of a bust both more recent and more spectacular than the 1970s oil shocks: the Asian financial crisis in 1997-98.
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And because of the importance of building stability and countering violent extremism in the Middle East and South Asia, we are increasing the number of Foreign Office staff in those regions by 30 per cent.
The airport at Reggio could almost be in one of the poorer parts of South-East Asia.
The same factors apply in the rest of South-East Asia, but with the opposite effects.
The result is that what the Chinese took to be a solid, mutually beneficial relationship with the Burmese has exploded in their faces with long-term consequences for Myanmar, the balance of power in South-East Asia and the whole way that China does business with poorer countries.
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Last year about 8m were sold in Indonesia, dwarfing sales in the rest of South-East Asia (1.7m in Thailand, for instance).
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In Malaysia, the government's economic advisory body, the National Economic Aid Council, said Calpers was a relatively new investor in the region, and might not have complete insight into the value of emerging markets in East Asia.
It is not in the United States' interests or those of its allies in East Asia to perpetuate the notion that unverifiable, unworkable and unbalanced agreements with dictators like Kim Jong Il, who have no respect for the rule of law -- either at home or internationally -- and a track record of ignoring such agreements whenever it suits them.
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And, of course, we will be working together on the situation in East Asia, which deeply relates to the security of Japan.
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They certainly apply in spades in Okinawa, the lynchpin of America's forward presence in East Asia and home to training areas every bit as essential to the readiness of U.S. forces in the Pacific as Vieques is to their Atlantic-based counterparts.
Alongside the U.S.-Korea Free Trade Agreement and U.S. participation in the Asia-Pacific Economic Cooperation forum and the East Asia Summit, it will serve as a powerful statement of American engagement and staying power in East Asia.
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In the authoritarian parts of East Asia, India's democracy is sometimes blamed for its relative backwardness.
Though they hope to "explore all markets, " right now the device is only sold in the Middle East and parts of Asia.
Cambodia has one of the highest rates of child abandonment in South-East Asia, its orphanages are overcrowded and homeless urchins roam the capital, Phnom Penh, sniffing glue and begging.
Petraeus, who took over Friday as head of U.S. Central Command, is overseeing his own review across the 20 countries that make up the command's area of operations in the Middle East and Asia.
The turmoil in South-East Asia and the consequent dampening of demand there means that exports to the region will fall and imports from there rise, but that may well be balanced by more exports to the United States, politically charged though these may be.
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