The economic crisis in the later half of 1990s most seriously affected Indonesia, Thailand, Malaysia and South Korea.
The economic crisis in the later half of 1990s most seriously affected Indonesia, Thailand, Malaysia and South Korea.
The cause of the crisis was:
(a) mismanagement of the financial resources and financial sector, in general
(b) the prolonged over-valuation of local currencies vis-vis the western currencies
(c) the downswing and recession in the western economies which earlier provided export market oriented countries
(d) none of these
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(a) Mismanagement of the financial resources and financial sector were major cause for the economic crisis in later half of 1990.
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