30 Oct '11, 1pm

Malaysia's Mahathir: Western countries 'failures' - Yahoo! Singapore Finance via @YahooFinance

I wonder what happen to his Multimedia Super Corridor - I thought he was quite inviting about "Western" ideas... slapping himself on his face or what? Its all about globalization - I'm sure most of you know it... All monies - new, old and those still printing - are in circulation. ie. when the corporations of developed nations pump in the monies into the 3rd world and developing countries for investment - these corporations can only seek returns, transfer of knowledge and technology. But, the returns cannot beat the rate at which the trading surpluses that the 3rd world and developing countries are amassing through huge volumes of trades with other countries (including the lending nations). Most of 3rd world and developing countries' have capital controls - Malaysia have it too right? And most of these currencies are not trade-able or floated - how not the western develope...

Full article: http://sg.finance.yahoo.com/news/Malaysia-Mahathir-Wester...

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