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Between 1990 and 1996, the southeast Asian countries of Singapore, Korea, Indonesia, Malaysia, the Philippines, and Thailand were among the most financially solvent. For decades, these countries had maintained a stable currency and enhanced their globalization efforts. Following this prosperous period, Thailand, South Korea, Indonesia, Malaysia, and the Philippines dropped to net outflows of U.S. $12.1 billion in 1997. Indonesia's poverty line rose from 22.5 million to 118.5 million. In Thailand, the economy outsourcing policy resulted in some 800,000 workers becoming unemployed. South Korea's unemployment numbers exceeded two million by the end of 1999. These were crippling statistics. The International Monetary Fund (IMF) played a major role in helping these economies recover from the crisis. It committed U.S. $11.2 billion to Indonesia and U.S. $34 billion to Thailand. Many have criticized the IMF's assistance to southeast Asia during this time. Despite the criticism, however, the IMF emerged as a major player in providing assistance to southeast Asia. How could economies with such a dynamic growth history decline within a matter of months? (75 - 100 words) What characteristics and other factors contributed to these crises? (75-100 words) Was the IMF assistance needed, or was there another way for these countries to recover?(75-100 words) Case Study: What Caused the Southeast Asian Crises of the Late 1990s?
How much does Korea gain and what is the range for the terms of trade for mutually beneficial trade
The PPF curve shows the economic choices a country can make about production given scarce resources, a given technology, and a given quantity of inputs. Assume you are a developing country, producing food and clothing at maximum capacity.
Consider the costs of the new American producers who produce silk only after the tariff is inplace. What area on the graph shows the amount by which their total costs are higher than thetotal revenue that foreign producers would receive to produce..
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Accordingly, many analysts in the energy field have had predicted the likelihood of further decline in oil price in the US market as the US continues to expand its domestic oil production with a long term objective of becoming even net exporter of..
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China's central bank will raise its reserve ration requirement by a percentage point to a record 17.5 percent by June 25, stepping up a battle to contain lending growth. The increase will freeze up about 422 billion yuan of funds, equivalent to 9..
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Wilpen Company, a price-setting firm, produces nearly 80 percent of all tennis balls purchased in the United States. Wilpen estimates the U.S. demand for its tennis balls by using the following linear specifications. Q = a + bP + cM + dPR Where Q ..
Analyze news from a global newspaper delivering a report that could be useful for your company to take a managerial decision.
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