Capital inflows can be an engine for economic growth, if handled properly and used to augment the country鈥檚 real productive capital. Conversely, these are possible causes for a crisis. This is the message underscored by Dr. Robert Vogel in a recent 188体育 Pulong Saliksikan where he attributed to capital inflows the current Asian financial crisis
The Asian Financial Crisis: A Case of Boon Turning to Bane
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