On Fri, 20 Aug 1999, Seth Ackerman wrote:
> So while Korea is restored to its ruddy pre-crisis economic health, China
> sinks into depression. Doesn't this cast some doubt on the notion that
> capital controls do anything more than delay the inevitable?
Well, China has a lot more than capital controls. Malaysia would be better comparison, and there is still room to argue that they were effective in cushioning the blow without preventing recovery.
Michael
__________________________________________________________________________ Michael Pollak................New York City..............mpollak at panix.com