{"id":787,"date":"2011-04-27T22:30:47","date_gmt":"2011-04-27T20:30:47","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=787"},"modified":"2011-05-12T22:58:49","modified_gmt":"2011-05-12T20:58:49","slug":"how-asia-copes-with-america%e2%80%99s-zombie-consumers","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/how-asia-copes-with-america%e2%80%99s-zombie-consumers\/","title":{"rendered":"How Asia Copes with America\u2019s Zombie Consumers"},"content":{"rendered":"<p><a dir=\"ltr\" lang=\"en\" xml:lang=\"en\" href=\"http:\/\/www.project-syndicate.org\/contributor\/3946\" target=\"_blank\">Roach, Stephen<\/a>.<\/p>\n<p>Asia needs a new consumer. A post-crisis generation of \u201czombie consumers\u201d in the United States is likely to hobble growth in global consumption for years to come. And that means that export-led developing Asia now has no choice but to turn inward and rely on its own 3.5 billion consumers.<\/p>\n<p>Of course, this is not the first time that Asia has had to cope with the walking economic dead. Japan\u2019s corporate zombies were at the epicenter of its first \u201clost decade\u201d in the 1990\u2019s. Sclerotic companies were put on life-support credit lines by their <em>zaibatsu <\/em>\u2013 like banking partners \u2013 delaying their inevitable failure and perpetuating inefficiencies and disincentives that resulted in a post-bubble collapse in Japanese productivity growth.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>Project Syndicate<\/p>\n<p><a href=\"http:\/\/www.project-syndicate.org\/commentary\/roach4\/English\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roach, Stephen. Asia needs a new consumer. A post-crisis generation of \u201czombie consumers\u201d in the United States is likely to hobble growth in global consumption for years to come. And that means that export-led developing Asia now has no choice but to turn inward and rely on its own 3.5 billion consumers. Of course, this [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,27],"class_list":["post-787","post","type-post","status-publish","format-standard","hentry","category-39","tag-28","tag-27"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=787"}],"version-history":[{"count":6,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/787\/revisions"}],"predecessor-version":[{"id":1060,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/787\/revisions\/1060"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}