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Strategies & Market Trends : Asia Forum
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To: current trend who wrote (9)12/21/1997 7:20:00 PM
From: DRRISK  Read Replies (2) of 9980
 
Current,
This is classic IMF jaw boning and I think that this is intended to knuckle under the ruling elite. The governments are changing and the election in Korea is emblematic of that change.

"""The crisis may even pass along a few benefits to the former "Asian tigers". It may help the region put a lid on large current account deficits as private capital moves elsewhere, the IMF said.

"These economies have the potential to regain the confidence of investors at home and abroad," the IMF said. "As confidence returns, growth can also be expected to recover.""""

DrRisk reading between the lines
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