South east asian crisis

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South east asian crisis

  1. 1. Appreciation of Yen Cheap Thai Labour High Return in Thailand Japanese FDI Cheap Thai Labour OVER-HEATING OF THAILAND ECONOMY Over-building Rise in Indiscriminate Lending Weak Financial of Industries Labour cost by fund flush banks system Inflation Real Estate Bubble Cheap Chinese Weak Financial Exports Suffer Imports Rise Exports System Large Current Account Deficit Panic Run on Baht Reserves fall , $ 33 to $ Depreciation 16 billion (May- August 1997) of Baht

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