The Lexus And The Olive Trees

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Ada C

 

Date added:

November 6, 2012

 

Level:

 

Grade:

A

 

No of pages / words:

9 / 2346

 

Was viewed:

1048 times

 

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Essay content:

Almost overnight, these private banks had been bankrupted by the crash of the Thai currency, the baht. This situation caused a domino effect on other leading businesses that caused money problems. Many businesses couldn’t pay the finance houses back, many finance houses couldn’t repay their foreign leaders and the whole system went into gridlock putting 20,000 white-collar employees out of work...
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Many businesses couldn’t pay the finance houses back, many finance houses couldn’t repay their foreign leaders and the whole system went into gridlock putting 20,000 white-collar employees out of work. The Thai crisis triggered a general flight of capital out of practically all the Southeast Asian emerging markets, driving down the value of currencies in South Korea, Malaysia and Indonesia...
displayed 300 characters

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