Asia's problems are no more amenable to economic solutions than are Russia's. The core issue in Asia is political. Asia is no longer economically viable. It cannot compete with the United States except by exporting at or near a loss. Asia is being forced to take political measures to protect its economic security.
Asian countries can solve their economic problems internally only through political action.
Externally, they can stabilize their economies only by forming a regional trading bloc that protects their weakened economies and by creating a new reserve currency to substitute for the dollar. This is not only an economic decision, but also one with profound political and even military consequences. The current economic crisis is forcing the world back to politics. In the very long run, the return of politics will resurrect war in the traditional sense of Great Power conflict. In the immediate future, this crisis has demonstrated the impotence of multilateral organizations to manage the world.