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Mitchell V. Wisconsin

The Asia turmoil begun in the middle of summer of 1997. The problem started in Thailand when Bath(known as Thai''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''s

curencey) was geting weaker and weaker against US dollars. At that point, the rest of the world started to see that Thai''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''s

economy was starting to fall apart. Some pople predicted that the problem would not stay longer than a few months. However,

it was wrong. As manner of fact, the problem spread amongs some of Asian Countries. Even the mighty Japan was effected by

this problem. United stated of America was also effected by this problem. That was a time that the US stock market was going

down due to the fact that Many American cooporation invested in this some of Aisan countries.



Even today, the problem has not been fully recovered and who knows when.



Cause











The main problem of the turmoil is the lack of management. Each countries has all similar problem. As we found out in...