Consequences of the asian financial crisis

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This paper assesses the social outcome of the Asian fiscal crisis, drawing on the results of studies in six countries, namely, Indonesia, Republic of Korea, Lao People's Democratic Republic, Malaysia, Philippines, and Thailand. The impacts appear to be less than were hoped-for first in the crisis. However, it seems too early to draw conclusions about the eventual social consequences.
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Social Consequences of the Financial Crisis in Asia | Asian Development Bank

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What are the results of 1997 Asian Financial Crisis? | International Economics - Quora

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Following the Crisis, certain oriental economies such as southbound Korea and Taiwan recovered and were able to proceed grow and attain enough outflow velocity to break out of the "Middle financial gain Trap". Other former "miracle" economies such as Indonesia and Thailand have healed but have not yet been able to elevate themselves to the next level. An analysis of development policies in these economies yields some clues as to why some economies were thomas more successful than others in the years following the Crisis.
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