Will East Asia win the pandemic?

So far, East Asian countries have held up well economically against the pandemic. But a withdrawal of liquidity from emerging markets could spell disaster for Asian economies, which rely heavily on short-term foreign capital inflows. But a tougher US policy under Biden against China would also dim East Asia's economic prospects, said Lee Jong-Wha, who was long the Chief Economist at the Asian Development Bank and now teaches economics at Korea University.

Last updated: 24. July 2025