Although many big emerging markets have built up foreign-exchange reserves and cut their external debts, in eastern Europe reserves have been flat, external debts have risen and current- account deficits have grown considerably in the past decade.

ECONOMIST: Globalisation

Of course, the aforementioned remote should prove trickiest to find, as the current models lack that crucial external receiver to account for the built-in version found in the slim PS2 units.

ENGADGET: Control your PlayStation 3 with IR

Analysts give diverse reasons for the meltdown, most pointing to the current account deficit fueled by numerous infrastructure mega-projects that rely on external financing in U.S. dollars.

CNN: DEFLECTING RUMORs

The economy has been hurt by high interest rates and a weak external environment, which has led to a collapse in private investment, coupled with large fiscal and current account deficits.

WSJ: India Cuts Policy Rate

The economy has been hurt by high interest rates and a weak external environment, which has led to a collapse in private investment, coupled with large fiscal and current-account deficits.

WSJ: India Cuts Policy Rate