One recent comparison is with the Asian tigers before their financial comeuppance in 1997-98.
One way to play the strength of the Asian tigers is the WisdomTree Asia Local Debt Fund (ALD).
This trend, which began in America and then spread to Europe and Japan, is now visible in the Asian tigers.
As recently as the 1980s with the rise of Japan and the Asian tigers, there were those who said we had lost our economic edge.
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Growth rates may slow, as they did in the case of western Europe and the Asian tigers, or they may falter, as in Latin America in the 1990s.
It would prove to be the worst affected of the Asian tigers with a near 80% exchange rate collapse bankrupting the corporate sector which had borrowed heavily in dollars.
Of those, five are the Asian tigers.
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While GDP growth for the region is expected in the 4% to 5% range, in line with the East Asian Tigers, currency pressures and inflation, along with the possibility of a substantial slowdown in either Brazil or China, pose huge risks for the region.
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Even before the financial crisis, household spending had seen the weakest growth rate among the East Asian tigers.
In addition, the weak yen reduces the competitive advantage that the Asian devaluations would otherwise have given the tigers' currencies.
Some observers have tended to put the Philippines near the bottom of the heap of wheezing Asian tigers.
The former South-East Asian tigers are finding it difficult to recover their lost dynamism.
But provided liberalisation keeps creeping along, for a while an economy that increases by anywhere near 7% may seem impressive compared with the poor South-East Asian tigers that India was so keen to emulate.
Exports to the tigers would fall and imports of supercompetitive Asian goods would crowd out home production.
The other risk is from poachers who kill tigers and then sell their body parts for use in Asian medicine.
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