Much has been written about the origin, spread, and ramifications of the global economic crisis (GEC) in 2008/2009. When the crisis erupted in mid-2008, most observers in the development community contended that the global economy would slide to recession and that it would take at best a couple of years or at worst several years, as in the Great Depression of the 1930s, for the world economy to fully recover lost ground. No Asian economy, big or small, was expected to be spared from the fallout of the crisis. Yet, economic performance data in the second half of 2009 showed positive indications that the worst is over and that the major economies are on their way to recovery, thanks to generally synchronized fiscal stimulus programs aimed at reviving growth in these economies. This is more so in Asia, particularly China, India, and Indonesia where economic growth continued to be comparatively robust, albeit less spectacular than their customary levels in the past two decades.