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Friday, December 4, 1998 Published at 12:51 GMT World: Asia-Pacific Soros slams Mahathir ![]() Mr Soros's comments are part of a long-running feud ... By Economics Correspondent James Morgan International financier George Soros has called for the removal of Malaysian Prime Minister Mahathir Mohamad. Mr Soros's comments are part of a long-running feud between himself and the Malaysian leader.
Dr Mahathir said Mr Soros had no interest in the prosperity of developing countries and in a speech at the IMF meeting in Hong Kong last year, he accused the financier of promoting beggar-thy-neighbour policies. At the same venue the next day, Mr Soros replied that the Malaysian leader was a menace to his country. Yet the two men don't disagree about everything. In his new book, The Crisis of Global Capitalism, Mr Soros sees some of the same faults in the workings of the international financial system as does Dr Mahathir - the dangers of totally unfettered financial markets, for example.
This view is quite widely shared in the international financial community, but never articulated, until now. Most institutions believe there is still business to be gained in Malaysia. And Dr Mahathir enjoys great support among ordinary people in his region who see him as a beacon in the struggle against the anonymous forces of international finance. |
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