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Essay / Research Paper Abstract
7 pages. During the Asian Economic Crisis the Washington-based International Monetary Fund offered a huge sum to help South Korea reestablish their economic base. This paper will focus on the crisis, with the emphasis on Korea, and the International Monetary Fund. Bibliography lists 6 sources.
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7 pages (~225 words per page)
File: D0_JGAimfkr.rtf
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better collaboration, communication and general information sharing is more important than ever before. This is more than an economic crisis and involves more than just getting the numbers right.
The international community needs to focus on the human crisis as well in order to improve the lives of those suffering the most. A two-day meeting convened by
the World Bank came during the 1998 Bank Fund Annual Meetings. There was a call for donors, government officials and civic groups to assess the situation among these groups
and to become unified in an effort to address the current needs towards the problems affecting so many lives in Asia. The World Bank released a draft of the
problem in order to cover key issues raised for discussion. Some of the most serious problems are those of unemployment, health costs and low attendance at schools. Currency
is worth only a fraction of the pre-crisis value, and increased health costs and prescription drug prices are prohibitive for most people. Because of the enormity of the crisis
there is a greater need for a clearinghouse for information, which would combine data, work and experiences on a common network of knowledge. One goal of the World Bank
is the creation of an electronic network in which all the organizations in the region would share their knowledge and data and pinpoint their most urgent needs (M2 Press Wire
1999). THE ASIAN ECONOMIC CRISIS Asias middle classes are changing the economic, social and political landscape it would seem. They are getting higher education, making more money, marrying
later and having fewer children. The young urban middle class of Asia is as sophisticated as any of their peers around the world. Because they are leading more
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