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Asian Tiger Crisis

The rupiah and the Jakarta Stock Exchange touched a historic low in September. The governments of Singapore, South Korea and Taiwan also worked to promote specific exporting industries, which were termed as an export push strategy.

clip Asian Tiger Crisis

Poaching could undermine Malaysia's goal of doubling its tiger population to 1, byand tigers could go extinct in China in the next 30 years, the World Wildlife Fund has warned. And it has restricted its sales for years. BruneiChinaSingaporeTaiwanand Vietnam were less affected, although all suffered from a loss of demand and confidence throughout the region. Japan was affected because its economy is prominent in the region.




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The crisis led to a drop in consumer and spending confidence see 27 October mini-crash. It aims to double tiger numbers by Demystifying the Chinese Economy. In response to a severe fall in oil prices , the supermajors that emerged in the lates, undertook some major mergers and acquisitions between and — often in an effort to improve economies of scale , hedge against oil price volatility , and reduce large cash reserves through reinvestment. Archived from the original on 2 February Although the rupiah crisis began in July and August , it intensified in November when the effects of that summer devaluation showed up on corporate balance sheets. Important, but not decisive.


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Many of the lessons learned from the Asian financial crisis can still be applied to situations happening today and can also be used to help alleviate problems in the future. The peso dropped from 26 pesos per dollar at the start of the crisis to Kennedy School of Government at Harvard University, has in a number of studies argued that state intervention was important in the East Asian growth miracle.


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