Europe and America.
After hearing the news.
Major construction companies were a bit unsettled, but in the end, they sat back down. They knew that even if they went to compete, just dealing with 'Asia Dollar payments' would be troublesome. Why would they keep them?
Give them to the country?
Come on.
The European Union hasn't included the Asia Dollar as a reserve currency.
The United States hasn't either.
In this case, who do you approach? Huaxia? Wishful thinking, their foreign exchange is not for swapping money, and turning to Myanmar? Same situation; you take my money and then deplete my foreign currency reserves.
They won't be happy.
If they're unhappy.
They won't give you the project!
"Why don't we learn from others?"
"Who dares? Our infrastructure has slowed for decades, and helping others would get the president ousted by public opinion. Only in these emerging market countries, where everyone inside and outside is building infrastructure, is there little opposition."
