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Essay / Research Paper Abstract
A 5 page paper discussing the events that led to the onset of the Asian currency crisis of 1997, and then those events and conditions that preserved it for longer than it should have lasted. In 1998, currency matters improved throughout much of ASEAN with the exception of Malaysia, where the crisis began. The crisis hung on until Japan finally acted, but then the situation began to ease. Malaysia’s economy is much more stable now, and no one criticizes Singapore for being too fiscally conservative. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KSasianCurCri.rtf
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Unformatted sample text from the term paper:
of Asia has suffered economically in recent years. All were affected by the Asian currency crisis, and others found that the fiscal systems that were sufficient in the past
had lost their relevancy in the age of globalization. There have been changes in recent years, but those changes appear to help ensure the regions continued economic growth in
the future. Origins of the Crisis The entire region of Southeast Asia had been growing
in dramatic terms throughout the entire decade of the 1990s, and Singapore had won the most benefit. That nation instituted the first of a series of five-year economic growth
plans in 1960, devising for itself a systematic plan to lift its people out of abject poverty. By the mid-1990s, the Organization for Economic Cooperation and Development (OECD) listed
Singapore as an officially mature economy (Miyakie and Thomsen). All of the countries of the Association of Southeast Asian Nations (ASEAN), a regional
trade alliance, had benefited from the rapid growth of foreign direct investment (FDI) and rapid changes within the computer hardware industry throughout the 1990s. A high percentage of the
worlds semiconductors were manufactured in and around Singapore, and all those nations involved in that industry prospered well as computer hardware advanced quickly in other areas of the world.
In the US, a PC was considered "old" at less than one year of service as Intel in particular rapid-fired enhancements in its Pentium(r) line into the PC marketplace.
The impending turn of the century aided in the growth that these manufacturers saw in the latter years of the 1990s. No one
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