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Don’t Blame Thailand for This Mess
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Don’t Blame Thailand for This Mess

Our Correspondent
Dec 20, 2006
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Don’t Blame Thailand for This Mess
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Although the Thai government spectacularly botched its effort to rein in the baht over the last two days, the fact that the government felt obliged to try to halt the currency’s appreciation says more about financial global imbalances than about Thailand and its military-appointed government.

Just as the 1997 Asia financial crisis was kicked off by a fal…

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