EI SUN OH
LAST week I shared my perspective on how world events might unfold in 2017, and was at best only cautiously optimistic about the prospects of economic development, while being decidedly pessimistic about the further spread of terrorism. If we look back on Asia, the continued economic doldrums plaguing the United States and Europe since the financial crisis of 2007 and the relative economic dynamism exhibited by Asia seemed to give hope of Asia’s rise and assumption of at least regional if not worldwide leadership. But to better appreciate Asia’s prospects, we should perhaps take a closer look at its current situation.