And at the Sept. 23 plenary session, no less than Michel Camdessus, managing director of the Fund, took up the cudgels for open markets. Let's go then for an orderly liberalization. Hence, the importance of pursuing policies that give market confidence. Malaysians got another demonstration of that truism last week, as if they needed more convincing. People think Malaysians are anti-foreign.
Nobody is interested in Malaysia now.
Anwar made the requisite noises to calm investors. We are not about to put up new barriers. Malaysia has benefited a great deal from foreign investment, foreign expertise, and we continue to need them. He cries out. Thailand, he explained, freed up the financial sector faster than it could put prudent rules in place.