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The last several weeks have been busy. I am not even over jet lag from my two-week trip to Indonesia and Thailand, from which I returned last Sunday, and I leave tomorrow morning for Senegal. Naturally, I would rather think about my contribution to the world’s economy than about my ever-expanding carbon footprint. At least I am not traveling around the world to attend conferences on climate change, which would be a touch too absurd even for my tastes.
I spoke to quite a few business and government people in both Indonesia and Thailand, and it seems clear to me that Asia will lead the world out of recession. Thailand has been suffering a political crisis for several years now, marked by a military coup, rioting, the takeover by demonstrators of the country’s main airport, and the abrupt dismissal of two Prime Ministers, but its economy seems to sail on, unperturbed. The nation’s factories are humming, building cars and auto parts, microprocessors, and all kinds of industrial equipment and consumer goods, and potential investors are lining up at the gates, determined not to miss the next big thing. [click to continue…]
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