Financial Globalization and World Economy: Imlplications for Korea
Financial Globalization and World Economy: Implications for Korea
- Speaker: Paul Volcker, former Chairman, Federal Reserve Board, USA
- Date: May 17, 1996
"It's a profound fact that China has a billion and a quarter people and is still growing. I think of the trade questions, problems and frictions that arose over the last twenty years or so with the growth of Korea, the success of Singapore, and the competitiveness of Hong Kong and Taiwan, the four famous 'tigers'. Well, you add together the four famous tigers and they are not 10% of China., to say nothing of Indonesia, India and other growth centers. There is going to have to be an accommodation somewhere..."