[2555] What is the best banking system for high-skilled service industry?
Posted in Economics on June 7th, 2012 No Comments »
During the launch of IMF Regional Outlook a few months ago, Anoop Singh, the IMF director for the Asia-Pacific Region mentioned how the financial system is not ready for high-skilled service industry. As his argument goes, banks usually demand collateral before providing any loans to businesses (or, mostly, anybody for that matter). This is perfectly [...]
