By Benjamin J. Butler
Seoul, Republic of Korea
Over the next two weeks my time will be divided between South Korea and Thailand (where I will be doing a talk on new forms of leadership), although I have temporarily relocated to Korea to have our first child. It’s amazing how life appears to happen in cycles. The top news this morning on Bloomberg was comparing the recent fragility of emerging markets and the sell off in oil/commodities to the 1997/8 Asian Crisis.
I first arrived in Asia just before the crisis when the Asian Miracle was still in full flower and there were still Japanese management books on the shelves of the bookstores of international airports – can you imagine that! Although I will be the first to recognize corporate governance issues etc., much of the cause of the crisis was arguably macroeconomic, with excessive hot money coming from the West. However the baby was ... Log in or subscribe to continue reading.