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The Causes Of The Asian Crisis
Part 1 of Paper
....easons for the Asian currency crisis. There is a book called; The East Asian Miracle, which was published by the World Bank. This book expressed the relationship between government, the private sector, and the market. (See Hoover Digest 1998 No.3. William McGurn. What went wrong?) The book talks about the economic bloo.... Part 2 of Paper
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In the paper written by William McGurn "What went wrong?", he explained that the people's minds in Asia only understood the word miracle and the banks failed to recognize the risks and credits of the bloom. The banks also failed to realize that they were only being used as policy arms by the government. The only word that stuck in people's minds in Asia was the word miracle. They therefor forgot the fundamentals, which could be easily understood. William McGurn said that the countries that suf.... |
| Number of words: 1036 - Approximate pages: 4 |
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