The Asian Crisis was a period of severe economic instability in the economies of Southeast Asia that began in the summer of 1997. It caused economic growth to cease in several countries, originated in the financial markets of Thailand and Korea, and had global repercussions.
An economic policy aimed at benefiting one country at the expense of others, often through measures like tariffs, quotas, or currency devaluation. Known as 'beggar-thy-neighbour' as well.
Exploring the concept of Competitive Devaluation, where nations engage in devaluing their currencies to improve their trade competitiveness. Delving into historical context, key events, economic models, and implications.
An in-depth exploration of the Asian Financial Crisis, including its causes, governmental and institutional responses, and the valuable lessons learned from this pivotal economic event.
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