agriculture, hotel, real estate, paper industry, power plant, public enterprise, resorts, golf fields, real estate managing and apartment lease, and placed in 60th and 64th among ‘500 International Chinese Corporations’ respectively. However, as Southeast Asianeconomy was hit by the economic crisis of 1997, most of the Chinese companies also got into deep recession.
3. Thailand
The Asianeconomic crisis raised the need of a union of countries to stabilize the global economy and to support continuous development.
G20 held a summit talk to resolve the current global economy crisis by the necessary cooperation of developed countries and rising countries.
Japan’s Economy after the Global Economy Crisis and Its Responses
The Four Unfavorable Factors in the Japan
crisis solution, exchange rate management and financial policy coordination within the IMF have been designed to perpetuate the dominance of a few industrial countries, specifically the USA and the European Union member states. That is, the IMF lending decisions is a result of American policymakers and countries in which American banks are highly exposed and the governments closely allied with th
economic implication. In aspect of demand, there are lots of economic variables to affect apartment price. We chose three standard variables of that many influential variables. And we recognized there was outstanding change before and after Asian financial crisis for us to experience. Therefore, after we divided the data into two parts; before and after Asian financial crisis, we examined how the
crisis were influenced by global imbalance :
Asians accumulated foreign reserves for better future (Saving Glut)
- Saving Glut influenced interests rate of developed countries to be low
Many methods of investment were encouraged in developed countries
Economic recession finally occurred :
- The developed countries were not able to pay back the debts
- Global Imbalance arose