Saturday, April 14, 2007

The New Years Bombing in Bangkok sent Thailand's currency into a tailspin. It has since recovered. Who cares? More than 25% of Japan's trade is with Thailand, and the Thai economy is considered the most stable and modern in Asia. What will happen if another "asian crisis" hits, like the one 10 years ago that sent our Dow (not Tao) downward? Don't expect an IMF/ World Bank intervention this time: according to Walden Bello, who has a "think -tank" in Thailand, they have neither the will nor the wherewithall after their failed efforts a decade ago. He's more qualified than anyone to explain
The Neo-Liberal Model of Resource Extraction

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