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Economy

Rethinking Asia's pivot to the service sector

It's cold at Universal Studios Japan, in Osaka, but crowded with foreign tourists.

BANGKOK -- Around the time of the 2008 financial crisis, it seemed that the survival of Asia hinged on a shift from manufacturing-driven economies to service sector-led ones. Asian exports to the West, after all, were tumbling.

      Many were quick in drawing this conclusion; they should not have been.

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