This week, Bush will visit an Asian economic summit and travel afterward to China to meet with President Hu Jintao. While Bush is considering his message for Asia, he and his advisers should study the region’s economic blueprints and how they sustain miracles and inspire others.
Lessons include how to avoid the massive trade deficits the United States cannot shake. This year, U.S. purchases from the rest of the world will exceed our sales by roughly $700 billion. Also, how do East Asian powerhouses, Japan and South Korea, play China’s rise their own way and prosper from it?
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