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The Western Crisis: An Opportunity for Eastern Resurgence

The ongoing economic crisis, which began in the USA and Europe in 2007, has profound implications for Asia. Dr. Carmelo Ferlito argues that this crisis presents a unique opportunity for Eastern economies to demonstrate an alternative path forward. This path must be based on different foundational principles of development rather than mimicking the flawed models of the West. By embracing innovative economic strategies and resilient practices, Asia can lead the way in global economic reform and sustainability.

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The Western Crisis: An Opportunity for Eastern Resurgence

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  1. A CRISIS FROM THE WEST, AN OPPORTUNITY FOR THE EAST: Business Cycles, Free Market and Sovereign DebtsDr Carmelo Ferlito, IDEAS Fellow 18 April 2012 2:00pm – 4:00pm LT1 The economic crisis that started in USA and Europe in 2007 is not yet ended…but the challenge for Asia is to show to the world that another way is possible, but only if development is built on a different foundation

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