1997 Asian Financial Crisis

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  • 1997 Asian Financial Crisis and Hyundai Motor Corp

    7129 Words  | 29 Pages

    Hyundai Motor Company-Beijing Automotive Joint Venture Case Study [pic] Topics in Emerging Markets Prof. Mei April 9, 2003 Michael Cheng- mpc238@stern.nyu.edu Richard Lee- rl392@stern.nyu.edu Kevin Park- kgp203@stern.nyu.edu Table of Contents: Executive Summary: 3 Case Study: Introduction:

  • Impact of the Asian Financial Crisis in 1997 and Effect to Latin America

    1875 Words  | 8 Pages

    Impact of the Asian Financial Crisis in 1997 and effect to Latin America Name: Institution: Date: Abstract In 1997, the Asian Financial Crisis spread rapidly all over the Asia and affected almost all the economies in the world. Prior to the Asian Financial Crisis, the Asian countries such as Thailand, Malaysia, South Korea, Indonesia, Hong Kong and Singapore experienced a remarkable growth in the economy that was considered the highest in the world. These Asian economies increased by a notable

  • Impact Of The Asian Financial Crisis Of 1997 On The Region 's Development

    1704 Words  | 7 Pages

    Examine the impact of the Asian Financial Crisis of 1997 on the region’s development “Since World war II, development has been the most important term used to describe economic, social and political changes in what have come to be known as Third world countries” (Zhang, 2003). The Asian financial crisis of 1997 had a major impact on the regions development as it was the end of the East Asian economic miracle, a time that showed staggering economic growth throughout the Asia Pacific. However

  • 1997 Asian Financial Crisis

    4297 Words  | 18 Pages

    1997 Asian Financial Crisis Angelica M. Montefalcon 4FM2 I. Introduction For about twenty years, East-Asian countries were held up as economic idols. They were hailed as the ideal models for strong economic growth of developing countries because of their high savings and investment rates, autocratic political systems, export-oriented business, restricted domestic markets, government capital allocation, and controlled financial systems. They were even stories about “The East Asian Miracle"

  • 1997 Asian Financial Crisis

    4291 Words  | 18 Pages

    1997 Asian Financial Crisis Angelica M. Montefalcon 4FM2 I. Introduction For about twenty years, East-Asian countries were held up as economic idols. They were hailed as the ideal models for strong economic growth of developing countries because of their high savings and investment rates, autocratic political systems, export-oriented business, restricted domestic markets, government capital allocation, and controlled financial systems. They were even stories about “The East Asian

  • The Asian Financial Crisis Of 1997

    2364 Words  | 10 Pages

    the “Asian Contagion” the East Asian financial crisis of 1997 marked a time in which multiple Asian countries fell into a recession as a result of financialization. Although the East Asian financial crisis affected over ten countries, Thailand’s economy is will first be primarily analyzed prior to the crash because it was the first economy to fall and essentially started the crisis. In retrospect, the complexity of the financial crisis has caused much debate on what actually started the crisis in

  • The Asian Financial Crisis Of 1997

    1028 Words  | 5 Pages

    Following the Asian financial crisis of 1997, the IMF bailout provided desperately needed funds to revive South Korea 's economy but came with a caveat of strict mandates. The aftermath left sectors of its economy eviscerated, patches of its society dissolved, and sent my family on a plane to the United States. What could have been an otherwise typical American dream narrative for me, however, evolved into a lifelong aspiration toward global affairs. Reaching for a graduate study program is the next

  • Effects of the Asian Financial Crisis on 1997

    1006 Words  | 4 Pages

    The financial crisis in many countries in Asia in 1997-1998 was an unexpected event. It was mainly because most of the Asian countries had been enjoying economic growth prior to the crisis. The crisis itself started with the devaluation of Thailand’s Baht in July 1997. The Thailand government decided to float its currency in order to defend the Baht against speculative attack, despite its fixed exchange rate system. This decision was apparently the beginning of the economic downturn of many Asian

  • Factors That Caused the 1997 East Asian Financial Crisis

    1604 Words  | 6 Pages

    Caused the 1997 East Asia Financial Crisis Discuss the principal factors responsible for the East Asian currency/financial crisis of 1997. In 1997, there occurred certain shifts in expectations from the market. The regional contagion and confidence led to the East Asian financial turmoil. In 1990s, it had been reported that the microeconomic and macroeconomic businesses were not performing as expected. The local and international investors had not held enough grips into the looming financial challenges

  • 1997 Asian Financial Crisis and Hyundai Motor Corp

    7119 Words  | 29 Pages

    in 1990. The following year it developed the first Hyundai-designed engine, called the Alpha. Two years later Hyundai unveiled its second-generation proprietary engine, the Beta. By 1998 Hyundai was beginning to feel the pinch of the Asian economic crisis as domestic demand dropped drastically. However, the decrease in Korean demand was largely offset by exports. Hyundai not only established a joint venture with DaimlerChrysler but went on to establish a collaboration with

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