A Mix on Structural Reform

An Oxford Analytica article came out last Tuesday on the progress on reform since the 1997-98 financial crisis. It contains an analysis of 4 southeast asian countries, (Indonesia, Malaysia, Philippines and Thailand,) on the progress of economic stability and remaining structural vulnerabilities after the debacle that gripped the region.

So goes the significance of the article:

Over the past decade, real incomes have recovered, while exposure to external debt pressures has been reduced through an accumulation of foreign reserves and the adoption of more flexible exchange regimes. However, several issues remain causes for concern, including poor governance and mixed progress on banking reform.

Read more of the article here.


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