Trouble spots loom in AsiaEconomic recovery

From: International Herald Tribune | Date: March 2, 2002| Author: | Copyright information

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The world economy may be reviving, but in those symbols of global markets, Hong Kong and Singapore, unease remains. Both are facing economic challenges which are more than cyclical. Could city states be losers from globalization? For sure, 2002 will be better than 2001, when Singapore's gross domestic product contracted sharply and Hong Kong' s was static. But pick up will be slow. The bastions of stability through the Asian crisis are now lagging behind their neighbors. They are struggling equally even though their economies have diverged over the past 20 years, with Hong ...

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