Asian investors may be developing a taste for European and North American stocks
'The financial crisis awakened us to a sleeping time bomb with respect to poor management, bad corporate governance and no effective mechanism of corporate governance.' So said Ahmad Shahab Din, president of the Malaysian Association of the Institute of Chartered Secretaries and Administrators. For the Malaysian economy, the 1997 wake-up call was the equivalent of having a bucket of iced water thrown over you in the middle of a long and glorious dream about Asian miracles and tiger economics.
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