Final answer:
The claim that many Asian companies turned to direct mail to save costs after the economic crisis is false, as the provided information does not substantiate this and instead discusses the broader economic strategies of high-income countries and the importance of global trade, financial flows, and human capital development.
Step-by-step explanation:
The statement that many companies in Asia turned to direct mail to save costs following the economic crisis is false. The passage provided does not support this claim and instead discusses the broader impact of the financial crisis on high-income countries, which included the United States, Western Europe, and Japan, as well as the Asian Financial Crisis in the late 1990s.
The passage mentions that these high-income countries focused on expansionary fiscal policy with large budget deficits to jump-start their economies. It also comments on the dramatic changes in standard of living, the importance of participating in global trade and financial flows, and the need for nations to focus on human capital development.
The assertion about Asian companies resorting to direct mail as a cost-saving measure does not align with the provided context.