On Mon, 10 Apr 2000 DANIEL.DAVIES at flemings.com 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 panix.com