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Economy

The US and hedge funds are still a problem

Malaysian elder statesman urges more Asian dialogue, less overdevelopment

Mahathir Mohamad (Photo by Hiroyuki Kobayashi)

TOKYO When the Asian financial crisis gripped the region in 1997, then-Malaysian Prime Minister Mahathir Mohamad blamed "evil" hedge funds that were willing to sacrifice emerging economies in the pursuit of profits.

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