The Factors and Aftermath of the Asian Economic Crisis
Soulier, Todd D.
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The author combines a review of his internship with the Prudential Securities Incorporated office in Kalamazoo, Michigan with research into the Asian economic crisis, examining the Asian economic model and how this model led to the circumstances that caused the crisis. Japan and South Korea are looked at closely to illustrate the events involved, and the progression that leads to a structural crisis in the East Asian economy. The effects of the crisis on Asia and the rest of the world are discussed. Lastly, the economic packages that have been developed to raise Asia from this crisis are reviewed. The author concludes that the Asian economic crisis could have been avoided had government officials eased industrial regulations when state directed guidance had ended all usefulness.