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Strategies & Market Trends : Asia Forum
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To: RealMuLan who wrote (647)1/9/1998 7:35:00 PM
From: Mohan Marette  Read Replies (2) of 9980
 
'Free market without bankruptcies are like a relgion without hell.'
Source: someone from the American Enterprise Institute,Washington.

Funny you brought up the IMF issue Yiwu.

<<<<One thing for sure, Asian people are the only one who can solve their own problems, and save themselves. Outsiders, including IMF, can only help by certain degree. And I am confident they will come out the wood standing.>>>

I tell you why, I listened to someone today from the American Enterprise Institute in Washington saying pretty much the same thing. He is of the opinion that IMF might be doing more harm than good when they involve themselves whenever there is an economic problem. He thinks it is better in the long run if the 'free market' is allowed to run its course even though it might involve bankruptcies of large corporations etc etc.

I think this line of thinking may have some validity in it,as quick fixes often do not work while there remains fundamental economic problems.

Any thoughts anyone????
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