What characteristics and other factors contributed to crises
Course:- International Economics
Reference No.:- EM13242554

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> International Economics

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?

Put your comment

Ask Question & Get Answers from Experts
Browse some more (International Economics) Materials
How do changes in interest rates, inflation, productivity, and income affect exchange rates? Is a strong U.S. dollar always good for the U.S. and global economies? Why or why
The US cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Under the proposed settlement, cigarette companies will
Discuss any three examples of events occurring in one country and having a significant impact in nations that are its trading partners. You are also restricted to events tha
Suppose that France and Denmark both produce oil and olives. Frances's opportunity cost of producing a crate of olives is 4 barrels of oil, while Denmark's opportunity cost
the composition of the federal budget toward more spending on income transfers and health care and a smaller share for national defense. Does economics indicate that this ch
Nation X's production possibilities frontier is given through the following table, Further suppose that the each country is currently manufacturing and consuming at Point C on
Black Diamond Tennis & Golf Club offers golf & tennis memberships to residents of Black Diamond, Ohio, in which there are two types of families:
In 1,250 to 1,500 words compare and contrast the traditional banking model to either "Shadow Banking" or "Social Banking". OR, describe and discuss "Global Banking" or a gl