I recently found an interesting website called AsiaWeek. The web address is http://www.asiaweek.com. AsiaWeek actually used to be a magazine, but it recently ceased publication, however, its archives remain online and are a great resource about almost any Asian affairs.
There is a very interesting article about Asian currencies and thier current vulnerabilities in the global market. The article suggests that all Asian currencies would benefit from becoming a currency block similar to the Euro. The article further suggests that any Asian currency block should be linked to the Yen due to its global strength. However, it appears that there are many political issues standing in the way of the creation of an Asian currency block. Many Asian countries currently have strong nationalist sentiments and may resist forming a block linked to the Yen.
The European countries have somehow been able to put economic advancement above nationalistic interests and sentiments. Why is there such a strong belief that the Asian countries will not be able to similarly mobilize to increase the economic strength of all Asian countries?
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