2. The Double Dip Recession in Asia Real GDP Growth (Annual Percent Change) -15 -10 -5 0 5 10 15 1996199719981999200020012002200320042005 (est.)2006 (est.)2007 (est.) China Hong Kong South Korea Singapore Malaysia Taiwan Thailand Philippines Indonesia Japan Source: IMF. The World Economic Outlook (WEO) Database September 2006. 2006.

3. Is the slowdown of Pac Rim growth temporary or a long-term trend? Key economies undergoing restructuring: -Japan -South Korea -Taiwan -Indonesia

5. Impact on economic alignments: -Shifting trade linkages: soaring intra-Asian trade -Investment patterns: flows into and out of Asia -R & D / Royalties: growing scientific strength in Asia

8. Effects on Regional Institutions: - APEC -ASEAN -ASEAN + 3 -Shanghai 6 -Chiang Mai Initiative -East Asian Summit

9. Effects on Strategic Linkages: -Options for guarantor: -U.S. / Japan / India -China -U.S. -India