The Sathorn Unique Tower in Bangkok was planned as a luxury condominium complex, but abandoned when the Asian financial crisis struck in 1997. Now known as a “ghost tower”, it is a monument to past mistakes and an object of curiosity. Photo: AP
Andrew Sheng
Opinion

Opinion

Andrew Sheng

Global finance can be a creator of wealth or a weapon of mass destruction. As a perfect storm looms, is the end nigh?

Andrew Sheng says the 2008 financial crisis was a wasted opportunity. Governments failed to act, passing the buck to central banks that pumped money into the global economy and set the scene for the next crisis

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The Sathorn Unique Tower in Bangkok was planned as a luxury condominium complex, but abandoned when the Asian financial crisis struck in 1997. Now known as a “ghost tower”, it is a monument to past mistakes and an object of curiosity. Photo: AP
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