Michael Ivanovitch is an independent analyst focusing on world economy, geopolitics and investment strategy. He served as a senior economist at the OECD in Paris, international economist at the Federal Reserve Bank of New York and taught economics at Columbia Business School.
Follow him on Twitter: @msiglobal9
Major East Asian economies continue to stand out in a world where developed countries are struggling with high unemployment and a virtual stagnation.
Ever since the Greek financial crisis broke out in October 2010, hedge funds have played it as a formidable money spinner.
Despite an increasingly dangerous standoff over maritime borders, Asian countries are experiencing increased bilateral trade with one another.