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Perspectives

September 11, 2008
Politics contribute to economic slowdown in Asia

Nazia Vasi blogs at 2point6billion.

Asia slumps as unrest spreads

Is it the deadly combination of a failed economics and politics that’s tarnishing Shining Asia’s rise to the top?

Coups, protests and resignations have been the flavor of the past month in Asia, which has seen uprisings spread across the region, from Pakistan to Japan. The potent combination of a rudderless society crippled with inflation woes, and plummeting stock markets has suddenly left Asia in limbo.

Stocks fell around the world Monday, led by Asian exchanges as concerns about a slowing global economy weighed heavily on the markets, AP reported. Adding to the crisis, were analysts who expect further near-term volatility and are warning foreign investors to stay away until the year-end.

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