Asian Financial Crisis

Asian Financial Crisis (1997–98)

Note: there is more information on the Asian/Chinese legal Encyclopedia. Notion of of Asian Financial Crisis (1997–98): Triggered by the collapse of the Thai baht, the crisis threatened to lead to global economic meltdown, but was ultimately limited to Southeast Asia. China was spared from the most devastating effects in part because most of its foreign investment was in the form of physical factories resistant to rapid capital flight.[1]

Resources

See Also

• Foreign Policy
• China

Resources

Notes and References

1. Description/definition of Asian Financial Crisis (1997–98) provided by the Foreign Policy Association

See Also

• Foreign Policy
• China