There is also the pressure to copy reforms that have succeeded elsewhere, much like the wave of privatisation that spread across Europe from Britain.

ECONOMIST: Europe��s businesses, yearning to breathe free

Word about the new wave of Irish beer began to spread.

BBC: Guinness��s new Irish rivals

Rain began his career in 2002 and became part of the Korean Wave of drama and popular music that has spread in Asia.

BBC: South Korean singer Rain in military service row

Wanniski says the first wave of deflation to hit the U.S. was a result of the currency crisis in Thailand that spread to the rest of Asia in 1997 and severely affected U.S. commodity producers like hog farmers and oil drillers.

FORBES: Double-Dipping Into Deflation?