Their message was clear: The future of the global economy is in Asia. A group of renowned executives, entrepreneurs, and asset managers convened at the Sixth Annual Wharton Asian Business Conference in Philadelphia to discuss the changing face of Asia and its transition to the new economy. Despite the negative impact of the economic crisis of the late 1990s, experts noted that further development of the Internet, construction of a technology and telecommunications infrastructure, and institutional reform are all signs that a second East Asian miracle-powered largely by foreign capital and investments-will take place in the region soon.
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