Consequences of asian financial crisis
The –98 Asian financial crisis began in Thailand and then quickly spread to neighbouring economies. It began as a currency crisis when Bangkok. The immediate impact of Asia's financial crisis is more accurately confined to Indonesia,. Korea, Malaysia, the Philippines and Thai- land—five East Asian. THE IMPLICATIONS OF THE ASIAN ECONOMIC CRISIS. The current Asian economic crisis threatens to wipe out the gains from recent years of economic. Asian financial crisis, major global financial crisis that destabilized the Asian economy and then the world economy at the end of the s. Though it is generally characterized as a financial crisis or economic crisis, it can also be seen as a crisis of governance at all major levels of politics. The Asian financial crisis, also called the "Asian Contagion," was a sequence of currency devaluations and other events that began in the summer of and spread through many Asian markets. The. Asian Financial Crisis Causes and Effects 1. THE SEVEN TIGERS: Korea, Taiwan, Singapore, Hong Kong, Thailand, Indonesia, Malaysia. There are seven countries which have an outstanding role in the Asian crisis: Korea, Hong Kong, Taiwan, Singapore, Thailand, Indonesia and Malaysia.