Thailand

As money floods in, Asia's central banks are finding they cannot have free capital flows, controlled currencies, and moderate interest rates at the same time

Commentary by William Pesek

Oct. 3 (Bloomberg) -- Few questions confound economists more: What might tip China into the meltdown that so many have feared for so many years?

Possibilities include overheating, social instability, corruption, pollution, debt crises, war over Taiwan and a post- Olympics growth swoon. It's a perfectly rational expectation. No rapidly industrializing nation has ever avoided some kind of crisis, least of all upstarts in Asia.

Thailand's tarnished leader fails to follow his own advice - In 2001, Thai voters, still reeling from the 1997 economic crisis, handed power to Thaksin Shinawatra, a successful and self-confident telecommunications tycoon, who... [Financial Times - Asia Pacific]