Ben Bernanke's global savings glut thesis is another example of the primacy of capital flows, and
indeed the decision by East Asian countries to accumulate savings in the form of soaring foreign exchange reserves, which set off the savings glut, was itself the likely
response to the 1997 Asian crisis, which occurred as a consequence of a
sharp reversal of capital flows to the afflicted Asian countries.
Prompted by a remote control, the thing can
indeed roll over, howl, scratch, and play dead; it also lifts a paw or walks forward in
response to waved hands or
sharp sounds.Robopet is no doggy Einstein, but I have owned real dogs that seemed considerably dimmer.