ASEAN Tigers thrive on debt!
Posted on : 05 Mar 2013 | Category:
Malaysia Immigration ,
The ASEAN Tigers are at it again. While the economic growth of South-East Asia is happening, analysts are describing it as debt-driven. They have compared the present situation to the unsustainable mid-1990s boom. But the authorities are shy to raise interest rates because doing so could attract more overseas capital, triggering inflation and financial instability. In the circumstances, they are advising direct curbs on credit....Read More