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Asian Economic Crisis
Beginning of essay
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, ....
Middle of essay ....her families that may have been. Because of the decrease in tourists, people who work(ed) for hotels, restaurants, and other tourism-related businesses were terminated. Those who weren’t, worked longer hours to accommodate the lack of company employees.
Besides the unemployment problem, another effect the has imposed is inflation and the phenomenon of rising prices. Merchandise and other Asian exports have risen in cost value in addition to the free fall in the value of domestic curren.... |
Number of words: 430 |
Approximate pages: 2 |
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