Malaysia should learn from past economic lessons


TEN years ago, as the Asian financial crisis was wreaking havoc and countries in the region were engaged in some serious economic firefighting, I had a heated discussion with my fellow journalists discussing the once-in-a-generation turmoil before us.

There was considerable pride in how we tackled the crisis compared with other countries which were in worse financial shape and badly hit by the ensuing trail of economic problems. The conversation eventually reached the all-too-familiar “at least we are better than them” comment.

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