Hugh Young, managing director of Aberdeen Asset Management Asia, said that while he was optimistic about the prospects for Asia's economies in 2007, he criticized the "economic nationalism" present in Thailand after the military coup last September. Young said the central authorities' actions on capital controls and foreign ownership of Thai companies were not well thought-out. "If it persists, [people won't] put money in the country, and there's potential for long-term decline," he said. "This is an example for the rest of the region of how not to do things."
The Scotsman
The Scotsman