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Number of Pages 14
This research paper: This 14 page report discusses the Asian economic crisis that “officially” began in 1997 and that has had a major impact on Asian nations ever since. There was clearly an interwoven set of strengths and weaknesses in both the economic and political systems of the nations involved. The collapse of the different currencies in Asia meant that hugs existing foreign loans could not be efficiently or easily financed by local banks which then resulted in foreign investors withdrawing their funds from Asia in enormous numbers which then exacerbated the problems. A particular focus is presented on Taiwan, South Korea, Thailand, Malaysia, and Hong Kong. Bibliography lists 11 sources.
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