World Bank to study K controls

[Chris Burford]

At 11:21 20/10/99 -0400, you wrote:
>[from the World Bank's daily clipping service]
>
>WORLD BANK STUDIES MALAYSIAN CAPITAL CONTROLS.  Malaysia's use of capital
>controls to recover from the regional financial crisis without adverse
effects
>has prompted the World Bank to study more closely the consequences of 
>using such
>measures, reports Asia Pulse.  World Bank Chief Economist Joseph Stiglitz
said
>Malaysia's economy was recovering robustly and described the move to use
>controls as a logical plan given the uncertainty of the global economic
climate
>a year ago, the story says.
>
>The Asian Wall Street Journal, the Straits Times (Singapore), the South China
>Morning Post, Kyodo News, the Japan Times (p.13), the Daily Yomiuri
(p.12), and
>the Australian also report on Stiglitz's remarks at the conference.

A definite denting of neo-liberal dominance. But Stiglitz is regarded by
the chairman of the World Bank as controversial, is he not?

Chris Burford

London