Asiaphoria Meet Regression to the Mean

Q.1 What is the central argument of the Asiaphoriaby Lant Pritchett and Larry Summers? (300 words)
Q.2 Do you agree with the argument of Pritchett and Summers? Is it compatible with the BRICs thesis? (300 words)
Q3. Assuming it is true, what are the implications of the Asiaphoria argument for multinationals based in Western Europe? How should

they adjust their strategies in light of the arguments of Pritchett and Summers?

Your answers should be fully and properly referenced. You should include a bibliography.

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