Asian Economic and Financial Crisis

At that time, the frugal and financial contagion did not spread to other south-east Asian economies, but the pattern for the financial collapse of the late-1990s was established.

The video-recording also focuses on the miseries that descended upon ordinary citizens as a consequence of the financial crisis that began in 1997, while contrasting these outcomes to the continuation in most instances of a luxurious lifestyle for the elite who benefited from the nepotism, cronyism, and corruption in Indonesia, Malaysia, and Hong Kong. just about certainly, the outcome portrayed did occur. The presentation in the video-recording was somewhat simplistic, however, in its encapsulation of the issue in an exclusive southeastern United States Asian context of use to place the blame for such outcomes solely on the malfeasance of the Southeast Asian elites. The video-recording would have the viewer believe that the financial crisis occurr

ed despite the best efforts of the transnational Monetary Fund (IMF) to prevent its occurrence, when in actuality IMF policies and actions actually support some of the worst excesses.

Economic emergence in the Southeast Asian economies was spectacular.

Even considering that it was easier for these countries to achieve high rates of growth because of the relatively low level of economic performance at the beginning of the period, the rates of growth attained were impressive.

The assessment by this writer of the video-recording it is characterized by strong pluses and equally strong minuses. On the plus side, the video-recording is well done, interesting, and compelling. On the minus side, the video-recording is simultaneously wanting(p) in long-term context, lacking depth in exploring the economic causes of the problems, and lacing in the development of implications for the future.

The relatively high orphic savings rates in the economies of Southeast Asia curtailed current white plague while simultaneously supporting high-level investment. Money bring out growth was rather conservative in comparison to that in developed econom
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