ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Crisis in Asia Calls for Political Solution

Crisis in Asia Calls for Political Solution

Solution Olle Tornquist EAST and south-east Asia are in crisis. In Indonesia, for example, the tall of the currency is close to a catastrophe, and so is the value on the stock market. Several banks have had to close. Decades of yearly growth of around 7 per cent have turned into a predicted contraction of 5 per cent. Large companies and the state find it hard to pay overseas loans. The picture is largely the same in substantially more developed South Korea. The World Bank and the International Monetary Fund have gone in with gigantic- aid packages in which Sweden is taking part.

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