Controls work in theory

Article Abstract:

A number of economists feel ambiguous over Malaysia's current economic policy of capital control. Prime Minister Mahathir Mohamad recently order the adoption of capital control to protect the country's economy from international financial markets, particularly from the ongoing Asian economic crisis. Many feel that the policy only works in theory but has not yet been proven effective in practice. An immediate stop to foreign trading of the ringgit resulting in the lowering of the interest rates are part of the new policy. However, if such economic measures will work out, Malaysia still needs to reform its economy.

Analysis, Economic policy, Capital movements

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APEC summit yields little; above all the shouting are sounds of indecision

Article Abstract:

The Asia-Pacific Economic Cooperation (APEC) forum that was held in Malaysia failed to meet the expectations of the outside world because of the inconclusive results that were geared to solving certain problems. In fact, the APEC leaders called for the overhaul of the world financial system without offering the specific manner by which this could be done. They also failed to reach an agreement on a proposed deal that would lessen the tariffs in nine sectors. Towards the end of the summit, a shouting match between the US and Malaysia elicited public outrage.

Marketing procedures, Malaysia, United States, United States foreign relations, Malaysian foreign relations

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The real business at hand for APEC is for Asian nations to start putting their houses in order

Article Abstract:

The Asia-Pacific Economic Cooperation (APEC) should focus on ways to deal with the economic crisis that the Asian region has been suffering from. The causes of the Asian crisis has been debated at great length which point to the unregulated flows of capital and reckless investments as the main culprits. these capital flows made the currencies vulnerable to attacks by rogue traders and speculators. APEC members should conduct a renaissance that would encompass better corporate governance, political transparency as well as social and judicial reform.

Asia, Public affairs, Economic development

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