Asean's slow pace lauded
Published: 20 Jul 2013 at 00.00 | Viewed: 2,776 | Comments: 0Newspaper section: BusinessWriter: Nanchanok Wongsamuth and Piyachart Maikaew
Asean countries should maintain their macroeconomic policies including optimal government intervention as opposed to the rapid liberalisation practised in the West, says a Hong Kong monetary analyst.
Prof Edward K.Y. Chen, chairman of the Hong Kong Institute of Monetary Research's advisory council, said countries in Asia should grow gradually.
Opening up too quickly will result in complications if technical and financial capabilities are not ready.