Our neighbour, Thailand bungled big-time....they changed their forex rules without any warning or hints and then flip flop within 24 hours when foreigners exited their stock market, wiping out Baht 700 billion of value (or RM70 billion)...
Great way to build confidence.....I do not know how they can recover from the mess they had dugged for themselves....
In almost an analagous way, Malaysian politician did it to Malaysia...but the damage are probably less damaging in the short term...but in the long term ..who is to know? But because it may long term effects...the politicians...particularly the leaders can ameliorate its deleterious effects.....
But they must start to act like Malaysian leaders....not leaders and champions of sectional interests.....no community will gain if Malaysia fails....
it is too early to tell....after 1969...many of our non-Malay brains left......at the time the Malaysian economy was at par or above that of Taiwan and South Korea.... but today they are twice or even three times the size of our economy...many attribute this to the loss of brains from the country.....i do not know...what the latest brain drain will pull the country even further back...
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