Public Bank: Global financial liberalisation should be undertaken in careful stages

GLOBAL financial liberalisation should be undertaken in careful stages to avoid the financial instability that could cause socio-political problems, Public Bank Bhd said in a recently published paper entitled Globalisation: New Realities.  

The bank warned of the dire consequences that could beset emerging countries such as Malaysia if the process of global integration was done without consideration for the countries’ stages of development.