Any comments?

Michael Pollak mpollak at
Mon Apr 10 07:10:57 PDT 2000

On Mon, 10 Apr 2000 DANIEL.DAVIES at wrote:

> All the SE Asian economies which went into crisis are recovering, and
> even if you accept that their openness to hot money made them
> vulnerable to crisis (which seems reasonable), then a look at the
> development profile of Thailand, Malaysia and S. Korea suggests that
> it was a risk well worth taking.

Is that really true? They've only had hot money in the 90's. Didn't they previously have the same growth rates but without the crises?


__________________________________________________________________________ Michael Pollak................New York City..............mpollak at

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