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Jakarta Post

Rising Asian political risk

  • Daniel Wagner

Jakarta   /   Mon, March 2 2009   /  02:13 pm

The world's investors, lenders and pundits are rightly fixated on the cascade of collapsing economies around the world, as if witnessing concurrent acts in a play. Later this year we are likely to reach the intermission, and it is becoming increasingly clear that the final act of the play - for which the curtain will probably rise in 2010- will have resulted in the most significant global economic dislocation the world has seen since the Great Depression. While great attention is being paid to the economic costs of this macabre production, less attention is being focused on its political implications, and how economic and political events feed upon each other. With many Asian countries leading the list of worst performing stock markets globally, and with economic indicators throughout the region falling off a cliff, some of Asia's largest and most important countries are likely ...