Asian Economies in Trouble
Export-dependent Asian economies are suffering from two problems. First, is the continuing weakness of the U.S. dollar and accompanying depreciation of the Chinese yuan, which affects the price competitiveness of products exported by Korea, Indonesia, Malaysia and Thailand. Second, these Asian countries have been fingered by the international community as the culprits of a global imbalance in international trade, and are being pressured to reform their economic structures to become more focused on domestic consumption.
