• Research Paper on:
    Southeast Asia Development Post 1997

    Number of Pages: 12

     

    Summary of the research paper:

    In twelve pages the 1997 financial crisis and its impact upon Southeast Asia development are examined with environmental and social developmental considerations included in the discussion. Six sources are listed in the bibliography.

    Name of Research Paper File: TS14_TEasia97.rtf

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    Unformatted Sample Text from the Research Paper:
    conditions that were felt. The development of the areas has been effected, the shock of the slow down and losses has changed the pattern of investment, this has a knock  on effect in terms of development. In some areas there has been the development of greater capital controls, where it was foreseen that the full development of the area required  liberalisation. Other areas have seen that liberalisations. However, in looking at the real development, the way that technology has spread, and associated issues that are linked with development, such as  social conditions and the environment have also seen as reduction in their rate of development. The causes of the crisis during 1997 is subject to great debate, causes have  been cited as under regulation, over regulation, a disproportionate reliance in international trade which created a domino effect as well as the irresponsible behaviour of financial institutions inside and outside  the region. One of the first developments to emerge was the increased level of capital controls in some areas. Malaysia has successfully  recovered economically, even if other aspects of development have slowed down. Malaysia saw the collapse of many of its financial institutions, loans  had been made with insufficient consideration, when the economy collapsed interest rates increased and the value of security plummeted, leaving financial companies over exposed. Malaysia saw a change in the  structure if the financial institutions. If they were to survive they had to merge and combine reducing from 39 finance companies in the beginning of 1998 down to eight (The  Economist, 1998 p81). This changes the number of intuitions, they also adapted their lending criteria. However, the government also decided that direct actions was required with changes in capital controls 

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