1. The Asian Economic Crisis Of 1997 - 1998
Since 1960 the region's top performers---Japan, Hong Kong, South Korea, Singapore, Taiwan, Indonesia, Malaysia and Thailand---grew more than twice as fast as the rest of East Asia, three times as fast as Latin America and South Asia, and five times faster than sub-Saharan Africa. Average real income per person quadrupled in the five Northeast Asian countries and doubled among the three Southeast Asians. ... This is what happened in Asia. ... Why did they so eagerly throw money into Asia? ... Starting around 1995, the American Dollar and the European Monetary Unit began to see serious appr...
- Word Count: 1820
- Approx Pages: 7
- Has Bibliography
- Grade Level: High School