TITLE

Asia's Growing Role in Financial Markets

AUTHOR(S)
Yew, Lee Kuan
PUB. DATE
March 2008
SOURCE
Forbes Asia;3/10/2008, Vol. 4 Issue 4, p14
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
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.
ACCESSION #
31496079

 

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