As the summer holiday season approaches, the Chinese economy looks in rude health – the IMF measures it as the world’s second largest and predicts it will remain so at least until 2020. However, slowing growth and moves by the central bank to increase liquidity reveal a weak underbelly and an addiction to debt.
Thailand is a Gateway to Asia, according to the Thailand Board of Investment website. Yet can Thailand really compete with low-tax countries, strong neighbours and the economic might of southern China?
In Part 1, I compared Greece’s current predicament with the Asian Financial Crisis of 1997. In the second part of the article, I look at how the IMF helped Asia out of crisis, what lessons it learned and whether these are or could be applied to Greece.
Every October in Greece, blue-and-white national flags go up on almost every public building and residence, as well as on the front of buses.