If Asia ever needed, or was entitled to expect, Japanese leadership, now is the time.
If Asia's reformers let their guard down for an instant, they could yet find themselves on the canvas again.
But if Asia is to spawn its own high-tech culture, it must learn to foster and to keep such people in far greater numbers.
For all these reasons, even if Asia's exports clearly have not decoupled from America, its economies will be less hurt by a recession there than in the past.
But it would be a big mistake if Asia's recovery led its politicians to conclude that there was no need to change their exchange-rate policies or adopt structural reforms to boost consumption.
If Asia's central banks also remain willing swing purchasers of the dollar, that may seem cause for relief: it suggests that things will go on much as they are, avoiding a hard landing.
On the education front, every country in the region recognizes that if we're going to compete with Asia, if we're going to compete with Europe, we've got to up our game.
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If not, Asia's cautious naval build-up could indeed mutate into a classic, old-fashioned arms race.
Just wake up to the lesson that in August the number of people going on the rolls to obtain food stamps was twice as large as the number of people getting new jobs. 2013 could be austere here if Europe and Asia are adopting austere measures.
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And so what that means, for example, is on issues of trade, part of the reason I'm traveling through Asia this week is I believe that the United States will grow and prosper if we are trading with Asia.
Nepal boasts one of the most vibrant community radio fields in Asia, if not globally.
"If it reaches South Asia and China then millions could face a major threat to food security, " says Dr Bhatti.
India, a nation that has earned a reputation for churning out some of the wealthiest billionaires in Asia, if not on the planet, has curiously enough, never produced a candidate in the top 100 ranks of the annual Global 2000 list of biggest publicly-traded companies.
Asia's economic problems could have much nastier consequences if politicians in rich economies respond badly to Asia's narrowing current-account deficits over the next year as countries reduce imports and increase exports.
Seen as a talent farm as well as a huge, if difficult, market, Asia makes more sense.
If more bad news from Asia causes equity prices in the United States and Europe to slide, the scene would be set for a slowdown spreading far beyond Asia.
It reveals that a woman is 23% less likely to own a mobile than a man if she lives in Africa and 37% less likely if she lives in South Asia.
More likely the action will be in South and East Asia, especially if a flu pandemic can be avoided and resource issues can be alleviated with bountiful Russia as part of the mix.
As "a last resort", the tax is also applied to transactions based on where the share, bond or exchange traded derivative was issued, even if it takes place in Asia, the US or Britain.
Is that resilience a positive sign, or dies it perhaps create a concern that the U.S. market would have further to fall from here than markets in Asia and Europe if it should decide it also needs to factor a recession in Europe into its prices?
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If such practices were extended across Asia, groundwater depletions might well be arrested.
If they are correct, South Asia could be fighting a losing climate battle.
So if I want to be in Asia, what does this car need to do in order to be in Asia?
"If this business only stays in Asia, we've got a multibillion-dollar business, " says Ron Hoge, chief executive of Pinnacle Engines Inc. of San Carlos, Calif.
For example, if there is a player from Asia in Group C and the third player drawn for Group C is also from Asia, there will be a redraw.
If Malaysia's response to Asia's economic crisis and the treatment of Mr Anwar are weaknesses for Dr Mahathir, as his opponents claim, why has the opposition not tried to cash in?
Moreover, if the investors who have fled Asia and Russia abandon Latin America, too, then the West will really be in trouble: Mexico, for example, is California's biggest market after Japan.
If America goes into recession, Asia's exports will collapse.
The British bank is reportedly positioning itself to buy some of Citi's assets in Asia and Latin America if the U.S. bank's board decides on a breakup or limited sale of assets.
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