The current financial crisis has significantly impacted Asia. Not surprisingly, this weekend, its not a G-8 meeting, but a G-20 meeting, including India, China and Brazil.

Before the crisis erupted, India and China were being touted as the new "dream economies." For a while after the magnitude of the crisis started becoming evident, the economies of both countries showed some resilience, prompting commentators in Asia to point out the de-linkage in the global economy. "De-linkage" refers to a strain of thought that argues that the fate of the global economy, especially the Asian economies, is no longer inextricably linked to that of the U.S. economy.