Greenspan: Asian tigers can help global economy

Former US central bank chief Alan Greenspan said today that global economic imbalances might improve if some high-growth economies allowed their currencies to strengthen.

“World equilibrium is probably better reached by allowing a number of these countries, which are showing extraordinary economic growth and really in many cases twice the growth of the developed nations, and allow currencies to firm,” the former US Federal Reserve chairman said in an address to a financial conference in the South Korean capital.