Winding the clock back to the late 1990s in Asia, a few memories come to mind, not all of them pleasant. The floating of Thai baht tops the list as the event that touched off a region-wide financial crisis.
“My stepping down has made me quite popular. When you are in power a lot of people take potshots at you but once you step down you can do people no harm. Once you step down they remember the good things you have done and forget the rest”
But if there was a contest for second spot, it would be a close call between the fall of Suharto in Indonesia and the bold decision by Mahathir Mohamad, then premier of Malaysia, to impose capital controls, to the horror of the international financial establishment.
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