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As the Asian Financial Crisis demonstrated

1. complete financial liberalization is necessary in our global economy

2. the neoliberal presumption that all liberalization is good overlooks the inherent volatility of capital flows

3. there is little inherent difference between fdi and portfolio investment

4. moral hazard is of little concern when the state is involved in promoting economic policy

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91675708

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