The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.
I take great pride in having been able to overcome the Asian financial crisis and seeking the opportunities available to bring about an unprecedented growth in the economy.
I think a major cause of present Asian economic difficulties that mainly come from, you know, lack of market economy.
It’s foolish to talk of an “Asian century” or an “emerging market century” because events move at a pace that renders this degree of durability obsolete.
We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial crisis? Automated trading programmes!
India is a unique and special place but a challenging business environment.
I see the Philippines one day as a developed country, one of the major economies of Asia - perhaps not in six years, but definitely in our lifetime.
Taiwan is a major economy.
