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Asian Financial Crisis

Contents:

Abstract 2

Research Questions 2

Hypothesis 2

Literature Review 2-3

Timeline 3

Asian Financial Crisis
• Overview 4
• Singapore 4-6
• Malaysia 6-7

Conclusion 7

Bibliography 7

Abstract:

The research explains and compares how Singapore and Malaysia dealt with the Asian Financial Crisis. It shows how the government of both countries came up with strategies to overcome the crisis. It also shows a timeline of crises faced by Singapore, and how this has enabled our county to grow in times of adversity.

Research Questions:

My research questions were to compare how Singapore and Malaysia dealt with the Asian financial crisis, as well as proving that countries that dealt with crises effectively were able to develop socially and economically better and more efficient than its counterparts that struggle. I will also state a time line of Singapore's past crises.

Hypothesis:

My hypothesis was that the Singapore government is able to come up with quick solutions to halt the spread of crises in Singapore, and come up with much more viable solutions to not only solve the problem at hand, but also to ensure that such issues do not heavily affect us in the future. I also thought that Singapore's ability to deal with crises is the best within the South East region.

Literature Review:

In http://www.fas.org/man/crs/crs-asia2.htm, the author states that the ‘shortage of foreign exchange in Thailand, Indonesia, South Korea and other Asian countries that has caused the value of currencies and equities to fall dramatically', as well ‘inadequately developed financial sectors and mechanisms for allocating capital in the troubled Asian economies' caused the financial crisis in South East Asia. It also shows how the IMF decided to deal with the crisis. The source is quite credible due to the fact that the author is a specialist in Industry and Trade Economics...