16 thoughts on “Mahathir vs The IMF: The 1997 Asian Financial Crisis | Insight | CNA Insider

  1. aku heran knpa org nenafikan kebaikan yg dua tokoh ni dh bt kepada agama , bangsa, dan negara… bayangkan tgk, klau kita ambil pjaman dari imf.. npk apa jd kt thailand, indonesia? adakah seaman malaysia? bersyukur lh kwn kwn.. bkn calang calang dan sebarangan org blh tolak imf.. krisis ekonomi time tu bkn main main.. sgt sgt serius.. skrg org hina dua tun ni, manifesto lh, apa lh, besaq sgt ka jnji manifesto dgn apa jasa depa telah bt pada agama dan negara? tp aku respect kt dua tokoh ni, depa mcm duduk kt dlm ofis smbil bt keja dan kata persetan dgn org org kurang cerdik ni.. santai ja, sentiasa npk bersahaja.. igt, spa di belakng imf.. dan dua tokoh ni tampil lwn semua tu.. skrg ampa nk kata tokoh tokoh ni tolak islam? cermin diri, solat enth ckup enth dak..tp aku respect jgak golongan golongan yg mcm ni, sbb sentiasa berfikir, berfikir untuk tulis ayat dgn niat nak malukan individu yg tertulis didalam dan mengharap dpt byk thumbs up… sentiasa buka youtube seleps tu untk tgk berapa byk thumbs up yg dpt padahal apa yg ditulis tu enth btl enth dak.. bg aku golongan ni golongan yg bodoh dan perlukan terapi untuk saraf saraf otak dia..

  2. Mahathir was a visionary leader who saw through the evil IMF controlled by the rich elite whose sole objective is to destroy other countries .

    May Allah Grant more success to mahathir .

  3. TUn we don't care how many villages malay hate u cause they think u will destroy malay after joining the opposition..but sure we known how u do for malaysian country

  4. He handover power to incompetent Pak Lah and eventually to a more incompetent Najib to loot the country assets.

  5. AS PM HE DID WHAT NEEDED TO BE DONE N HE WAS PROVEN RIGHT. NOT A SINGLE CENT WAS BORROWED FROM THE IMF.
    OF COURSE THERE ARE ALWAYS PEOPLE WHO THINKS THEY ARE SMARTER THAN THE PM. MORE OFTEN THAN NOT THESE PEOPLE WHEN PLACED IN POSITIONS OF AUTHORITY TO MAKE DECISIONS FAILED MISERABLY.

  6. The "rebound" had nothing to do with pegging the currency and capital control. If anything the level of protectionism and bureaucracy massively increased.

    The economy was "saved" from "foreign intervention" but fell into the hands of virtual monopolies controlled by the elite few.

    In fact with or without 1997 the Malaysian economy was a bubble waiting to burst. Consider that leading up to 1997 the Malaysian government, rather than taking preventive measures to ease speculation, did the opposite. Right before 1997 the scourge of the "2 ringgit companies" was in full effect, something Mahathir was fully aware of, but, depending on who you ask, did nothing or could do nothing.

    So I submit that rather than being a saviour, Mahathir was the one who held our economy back. He (and his family's various business interests) also had much to lose should proper governance and oversight have been put in place if Malaysia took the IMF's assistance.

    (Edited because autocorrect is annoying.)

  7. 20 years on, Mahathir was proven right in his rejection of the IMF and understanding of the foreign agendas in taking over control of the central bank of Malaysia. I highly recommend this documentary called "Princes of the Yen" for those who want to understand this crisis better

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