| As goods pile up in wharves from Bangkok to Shanghai, and workers are laid off in record numbers, people in East Asia are beginning to realize they aren't only experiencing an economic downturn but living through the end of an era. For over 40 years, the cutting edge of the region's economy has been export-oriented industrialization (EOI). But now the US credit economy has imploded, Asia's export economies have been marooned. |
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