Definitely, today’s Asia has outgrown the Asia of late nineties for the better
Today, we live in a world so intertwined that a financial contagion h[;as an ast
ounding probability of making it to the farthest and most alienated places of Earth. Did anybody say out has been a crisis of sorts; and how far have the Asian giants been exposed is a question worth pondering over, considering the increased role of Asia in the global financial system. Well, there’s no doubt that the aftershocks of US sub-prime have traversed far enough and hit the Asian shores, which is quite palpable from the widening bond spreads shown in the charts. But one has to consider the following. The external debt of Asian economies has reduced significantly – placing them strongly against hasty capital outflows and currency depreciation. External debt as a percentage of GDP for emerging East Asia and other Emerging Asia has fallen by almost 10% & 5% (approx), respectively. Again, if one takes into consideration the government balances, one would find that fiscal prudence has been noteworthy.
For Complete IIPM Article, Click on IIPM Article
Today, we live in a world so intertwined that a financial contagion h[;as an ast
ounding probability of making it to the farthest and most alienated places of Earth. Did anybody say out has been a crisis of sorts; and how far have the Asian giants been exposed is a question worth pondering over, considering the increased role of Asia in the global financial system. Well, there’s no doubt that the aftershocks of US sub-prime have traversed far enough and hit the Asian shores, which is quite palpable from the widening bond spreads shown in the charts. But one has to consider the following. The external debt of Asian economies has reduced significantly – placing them strongly against hasty capital outflows and currency depreciation. External debt as a percentage of GDP for emerging East Asia and other Emerging Asia has fallen by almost 10% & 5% (approx), respectively. Again, if one takes into consideration the government balances, one would find that fiscal prudence has been noteworthy.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read More:-
The Sunday Indian - Greatest News weekly
IIPM, GURGAON
Maya jaal spreads far & wide!
Another hogwash!
COMMUNALISM
While the mayhem continues!
Billions spent on million light years...
The art of splitting hair?
POTA? Funny!
The army’s fallen behind China
The Man of Steel gets his hands in Oil
HLL ‘Lever’ ages the power of Hindustan
