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Concern over Asian Growth

Here’s a scary thought: What if the economies of China and India — the world’s two major growth engines — slowed suddenly and dramatically?

Is the world prepared for such an event? How far would the collateral damage extend? Perhaps most importantly, what are the chances of a crash in Asia?

According to Larry Summers and Lant Pritchett, these are questions that policymakers should be thinking about — and the all-star economists have produced some new research that warns of danger ahead.   Their argument goes like this: China and India are in the midst of sustained periods of economic growth that are exceptional in both their pace and duration. At some point, this will end.

CNN [1]

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