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Chako Chako
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8 years ago
What weakness in the economic structures of Asian countries contributed to the severe financial crisis that Asian economies experienced in 1997?
A) Banking regulation: Banks were excessively regulated, which reduced profits.
B) High Taxes: High rates of taxation resulted in a reliance on imports.
C) Natural Resources: Countries' lack of natural resources and failure to explore developing industries accumulated and led to the crisis.
D) Productivity: It increased rapidly and the countries were victims of their own success
E) Legal Framework: The system dealt unsuccessfully with companies in financial trouble
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
8 years ago
Makes a lot of sense, and you're right.. I appreciate the input
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#3
8 years ago
Thanks for the feedback, I'm sure others will appreciate it too
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