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Anwar and Malaysia’s Unfortunate Downturn

by Joshua Kurlantzick

When has any potential success story fallen as far and as fast in recent years as Malaysia? Sure, Iceland’s economy has collapsed, after its banks made such risky loans they made American financial institutions look like paragons of virtue – but Iceland was a wealthy, developed nation before the crisis, and it will remain one afterwards. Greece faces a massive debt morass, but it was never viewed as some example of economic success – it has always struggled to match its more prosperous European neighbors. Thailand? Argentina? Mexico? Read more »