East Asian Crisis In The Econo

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Luis M

 

Date added:

September 28, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 687

 

Was viewed:

5596 times

 

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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 (Sanger 1). The East Asian crisis has affected almost all of the Asian ations, but the three hardest hit countries are Thailand, Indonesia, and South Korea...
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The panic began in Thailand in May of 1997 when speculators, worried about Thailand's slowing economy, excessive debt, and political instability devalued the baht as they fled for market-driven currencies like the American dollar. Indonesia's economy soon fell soon after when the rupiah hit a record low against the U...
displayed 300 characters

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