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Asia’s Student-Debt Time Bomb

Fueled by rising economic prosperity and aspirations, the global higher-education sector boomed during the 1990s and 2000s, and, unsurprisingly, student-loan debt has surged worldwide. But Asian countries with high tertiary-education participation rates have proved particularly vulnerable to this trend.

KUALA LUMPUR – Malaysia’s year-old government, led by Prime Minister Mahathir Mohamad, suddenly finds itself mired in a political scandal, following the online circulation of a sex video involving a cabinet minister and another man. Weaponized sodomy charges are nothing new in Malaysia, twice resulting in the imprisonment of People’s Justice Party leader Anwar Ibrahim. Unfortunately, the latest drama, like those preceding it, risks obscuring more essential problems.