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Between 1990 and 1996, the southeast Asian countries of Singapore, Korea, Indonesia, Malaysia, the Philippines, and Thailand were among the most financially solvent. For decades, these countries had maintained a stable currency and enhanced their globalization efforts. Following this prosperous period, Thailand, South Korea, Indonesia, Malaysia, and the Philippines dropped to net outflows of U.S. $12.1 billion in 1997. Indonesia's poverty line rose from 22.5 million to 118.5 million. In Thailand, the economy outsourcing policy resulted in some 800,000 workers becoming unemployed. South Korea's unemployment numbers exceeded two million by the end of 1999. These were crippling statistics. The International Monetary Fund (IMF) played a major role in helping these economies recover from the crisis. It committed U.S. $11.2 billion to Indonesia and U.S. $34 billion to Thailand. Many have criticized the IMF's assistance to southeast Asia during this time. Despite the criticism, however, the IMF emerged as a major player in providing assistance to southeast Asia. How could economies with such a dynamic growth history decline within a matter of months? (75 - 100 words) What characteristics and other factors contributed to these crises? (75-100 words) Was the IMF assistance needed, or was there another way for these countries to recover?(75-100 words) Case Study: What Caused the Southeast Asian Crises of the Late 1990s?
Many factors discuss the supply and demand for labor. Identify and describe two factors that would increase or decrease the demand for labor.
What is Crusoe Island giving up in order to produce one unit of fish and what is Yakamay Island giving up in order to produce
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Assume the United State dollar price of a British pound is $1.50; dollar price of a euro is $1; a hotel room in London, England, costs 120 British pounds;
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As an option to standards, one rule proposal is use of allow trading among point sources of water pollution. Provide some major reason why this is advantageous from an economic perspective & from an environmental perspective.
According to your reading, which market structure is more applicable for the market for building commercial aircrafts, when there are two major manufacturers of the commercial airplanes and little possibility of entry by new companies:
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In part s of Asia, there are rivers that flow across the borders of more than one country. If the country located upstream on the river chooses to put up a large dam on the river which stops the flow of water to all countries located downstream,
The US Energy Information Agency Supplies current and historical data for the world crude oil prices. Look both at current and historical data on world crude oil prices. over the last six months, do you think the price of crude oil has produced an..
What would be the short-term and long-term effects of restricting or removing patent protection of pharmaceuticals? Be sure to discuss prices, industry profits, and consumer welfare2. Why are prices for pharmaceuticals higher in the United States ..
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