Global Economy: Asia-Pacific

1-2 paragraphs each.

A study of the global economic impact of the 2008-2009
recession on the global economy conducted by the Economic Policy Institute
( has shown that as of January 2010 the United States
economy shrunk 5 percent compared to the pre-recession period. At the same
time, the Asia-Pacific region grew by 14 percent.

What are the reasons for the decline of the U.S. economy and
the growth of Asia-Pacific?

What consequences does this have for the global balance of

What do you think should the U.S. Government, businesses and
the labor unions do to reverse this trend?