Conclusion and Policy Implications
While the twenty-first century has been hailed by some as the Asian century, the region has, since the turn of the century, also seen its share of man-made and natural disasters, including financial crises, earthquakes, and tsunamis, and the consequent rise in commodity prices. While Asia, unlike the USA, recovered quickly from the most recent crisis of 2008 sparked off by the US housing crisis and the collapse of Lehman Brothers, it is now watching closely the unfolding of the Euro-zone crisis and its potential fallout on the region. The slow recovery in the USA and the slowdown of China are also potential triggers for further economic distress in the region. It does not help that natural disasters also appear to be occurring with increasing frequency in the region, impacting the lives and livelihoods of many.
KeywordsWenchuan Earthquake Fertility Decline Economic Stress Desire Family Size Recent Crisis
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