Asia's Growing Role in Financial Markets

Yew, Lee Kuan
March 2008
Forbes Asia;3/10/2008, Vol. 4 Issue 4, p14
The author, who is minister mentor of Singapore, argues that the subprime mortgage crisis will not affect Asian countries because of the strength of their economies. He contends that the crisis has caused U.S. and Swiss banks to seek capital injection from Sovereign Wealth Funds (SWF). He opines that China, India and the oil states of the Gulf Cooperation Council will provide funds to U.S. and EU corporations.


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