In this region, many CFOs have learned valuable lessons about how to survive in a crisis.
Don Durfee, CFO Magazine
December 1, 2008
The only way that Malaysia starved off a deep problem was through capital controls. However, that meant inflation and also creation of liquidity by printing money. But really the crisis has been prolonged and the inequitable distribution of wealth in Asia is very great which means that even if there is so called economic stability, social and political problems could occur if the GINI Coefficient expands beyond recognition.
Posted by Jon Tay | December 08, 2008 10:11 am© CFO Publishing Corporation 2009. All rights reserved.