asia

Essay specific features

 

Issue:

Business

 

Written by:

Evan C

 

Date added:

April 18, 2013

 

Level:

University

 

Grade:

B

 

No of pages / words:

10 / 2647

 

Was viewed:

5881 times

 

Rating of current essay:

 
Essay content:

Due to East Asia's large impact on the world economy, the panic in Thailand, Indonesia, Korea, and other Asian countries has prompted other countries to worry about the affect on their own economies and offer aid to the financially troubled nations. The countries that are included in the East Asian crisis, known as "Tiger" economies, are Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand...
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For these countries to participate effectively in the exchange of goods, services, and assets, an international monetary system is needed to facilitate economic transactions. To be effective in facilitating movement in goods, services, and assets, a monetary system most importantly requires an efficient balance of payments adjustment mechanism so that deficits and surpluses are not prolonged but are eliminated with relative ease in a reasonably short time period...
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