A Relationship Strengthened by Crisis
The US and Asia will be at the center of any effective multilateral action to stabilize the global financial system and economy, and to address the root causes of the current crisis. So both sides must seek to enhance cooperation and leverage regional, multilateral, and bilateral dialogues and relationships to ensure the integrity and efficacy of these efforts.
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NEW YORK – In recent years, emerging-market countries, including those in Asia, have made impressive strides in strengthening their fundamentals, accelerating their economic growth and cushioning themselves against external shocks. Nevertheless, as the events of recent months have shown, emerging markets are not immune from the current bout of global financial turmoil.