PSC 102 Chapter Notes - Chapter 1-4: 1997 Asian Financial Crisis, Thai Baht, Currency Crisis
30 Oct 2017
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Document Summary
Three momentous movements: dropping the atomic bomb, august 6, 1945 was when the u. s. dropped the atomic bomb on. U. s. and imf: no one thought money coming in was excessive, financial crisis began in southeast asia: their currencies were fixed to. Investors selfishly invested where they seemed fit, it was their actions that mostly caused the financial crisis, not the poor management: this crisis gave imf power to expand its own role in world affairs like. Latin american debt in 1908 and eastern european transition into market capitalism. Imf used western free market capitalism to help in reforms: the hijackers used , was caused by us being seen as #1 enemy because of its presence in. Israel in the palestine-israel conflict and propping up corrupt and repressive regimes in the arab world. Providing ground for terrorist groups like the taliban- al qaeda connection.
