A view of the Chao Phraya River seen from a balcony of the unfinished Sathorn Unique building in Bangkok, Thailand, in January 2017. The 49-storey high-rise was supposed to feature luxury condos for hundreds of newly affluent Thai families, but was abandoned when the Asian financial crisis struck in 1997. Photo: AP
Anthony Rowley
Opinion

Opinion

The View by Anthony Rowley

Why thrifty Asia’s growing appetite for debt could be its undoing, given the lessons from the 1997 financial crisis

Anthony Rowley says rising debt levels around the world, but particularly in Asia, are of concern even though efforts have been made to address the missteps of the past

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A view of the Chao Phraya River seen from a balcony of the unfinished Sathorn Unique building in Bangkok, Thailand, in January 2017. The 49-storey high-rise was supposed to feature luxury condos for hundreds of newly affluent Thai families, but was abandoned when the Asian financial crisis struck in 1997. Photo: AP
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