For the last few decades, Asia had been the world's economic miracle, achieving remarkable rates of growth and building high-quality manufacturing industries in just about anything and everything. However, since the struggle with collapsing currencies and plunging stock markets beginning in 1995, the Asian Economy has become weak. It is now in a crisis situation, where its financial standing, especially, is at a downfall. Currently, there are numerous retributions facing us. Inflation has occurred; there is a phenomenon of rising prices, not to mention forced devaluation and privatization. It has come to the point where big booming businesses are going bankrupt. The government is remarkably affected, especially those whose main source of income is tourism. All the companies and businesses which deal with and/or depend on tourism is on its way to impoverishment. This means t....

Number Of Pages: 2

Number Of Words: 389

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