Asia Grows, and Japan Slows: Prospect for the World Economy and Markets

Asia Grows, and Japan Slows: Respect for the World Economy and Markets

- Speaker: Kenneth S. Courtis, Vice Chairman, Goldman Sachs Asia

- Date : February 29, 2000.

"An Asian financial crisis did not occur. How can I say that given the problems that Korea went through? It was actually a global crisis in emerging markets. It was caused by a massive investment build-up and an expansion in capacity in traditional sectors of the industrial economy. It was largely financed with debt, assuming that things would not change...”