Global News Journal
Beyond the World news headlines
As journalists, we spend a lot of time watching politicians and policies to guage their impact on financial markets and economies. Now, as recession takes an inexorable hold in the Asia-Pacific region, we’re watching for the impact on politicians themselves.
So far there has been no repeat of the political upheaval triggered by Asia’s economic crisis a decade ago, which culminated in the ignominious resignation of President Suharto in Indonesia and the ouster of Thailand’s prime minister (see previous blog). There are no food riots as there were back then, and Asians are not crowding at banks’ doors to rescue their savings.