5 July 2008
Asian contagion
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In the face of the rapid rise of China, the Asian economic meltdown of 1997 feels like a very long time ago indeed.
A decade on from that upheaval, there are signs that inflation is once more becoming a major problem for some Asian nations.
In Vietnam the inflation rate is now 27 per cent, while in India inflation is now at a 13-year high, as the rising cost of food and oil continue to pressure prices.
Indonesia and parts of what many call west Asia; Saudi Arabia and the various oil producing emirates, are also starting to feel the heat of rising prices and economic overheating.
But do these pressures suggest a meltdown, or is that unlikely given China remains, thus far, relatively stable?
Guests
Barry Hughes
Economist, Credit Suisse
Presenter
Geraldine Doogue
Story Researcher and Producer
Scott Wales
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