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Asian Economic Crisis
For the last few decades, Asia had been the world's economic miracle, achieving remarkable rates of growth and building high-quality manufacturing industries in just about anything and everything. However, since the struggle with collapsing currencies and plunging stock markets beginning in 1995, the Asian Economy has become weak. It is now in a crisis situation, where its
financial standing, especially, is at a downfall.
Currently, there are numerous retributions facing us. Inflation has occurred; there is a phenomenon of rising prices, not to mention forced devaluation and privatization. It has come to the point where bi ....
Word count: 430 - Page count: 2
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