Monday, 08 March 2010

NEXT POST
Background By 1997, Asia attracted almost half of all affluent capital to developing countries. In particular, the economies of Southeast Asia maintained high interest rates that attracted foreign investors seeking high returns. As a result, the economies of the region received a major tributary of money and experienced a dramatic increase in asset prices. At the same time, regional economies of Thailand, Malaysia, Indonesia, Singapore and South Korea experienced high growth rates, from 8 to 12 of GDP in the late 1980s and early 90s. This achievement was widely held by financial institutions, including the International Monetary Fund and World Bank, and was known as part of the "Asian economic miracle."In 1994, economist Paul Krugman published an article attacking the idea of an "Asian economic miracle." argued that economic growth in Southeast Asia had been the historical result of capital investment, which had led to growth productivity, but the total factor productivity had increased only marginally or not at all. Krugman argued that only the total factor productivity and not capital investment, could lead to long-term prosperity. The causes of the debacle are many and disputed. Thailand's economy is in a bubble filled with hot money. It required more and more while growing the size of the bubble.The same situation prevailed in Malaysia but in this case had better political leadership, and Indonesia, which had the added complication of what was called "savage capitalism." The flow of short-term capital was expensive and often highly conditioned by rapid economic benefit. The money ended up in an uncontrolled manner to certain people only, not particularly the most appropriate or most efficient, but those closest to the centers of power. In the mid-1990s, Thailand, Indonesia and Korea South had large private current account deficits and maintaining a fixed exchange rate incentives for external borrowing...
PREVIOUS POST
Ubate Born In Ubate Born in 1980. His humble family took him to 10 years to Cucuta, where at age 14 he moved to Bogota to finish high school, his only formal education, ie has not been studies in economics or finance. In the capital of Colombia got a job as a packer in a factory of cake.The following year was linked to an agency that was casting extras for television, where he worked as a cameraman, later became a casting director in film and television in Colombia, of which the film highlights Murcia Bol var soy yo . worked in 2001, when he was 21, producing videos in Santa Marta tours. Hence, in 2003, he moved to Huila, where he founded the Solidarity Network DMG selling car raffles and managed care subsidy to low-income people. Pitalito, according to the same Murcia, had to leave for indelicacies comments from you. In late 2003 comes to La Hormiga , Putumayo, where up without money, so it gets involved in social work from the Parish of Perpetual Help, where you give a program on the station for Murcia survive by sharing advertising and sale of raffle tickets.According to documents found by the Colombian Attorney until 2005 he worked promoting videos with a modest salary of 309,000 pesos (about 100 at the time). In early 2004, he managed in Bogota a cr of 1 million pesos ( 500) in natural products, and soon appeared in La Hormiga with appliances as Murcia managed to acquire for resale with the advances of the same customers, but to date no journalistic investigations or the authorities have managed to trace the origin of the first capital, but in pre-trial hearing that is advanced against the defense murcia said two defense investigators assigned to the Professional Investigative Unit of Defense (UID)...