held Asian 1998 bad loans banks nation

The topic of "War and Peace" is inexorably linked to the study of economics. Economic factors inevitably play a large role in determining the political fate of a nation or region.

loans held nation Asian 1998 bad banks

loans held nation Asian 1998 bad banks

loans held nation Asian 1998 bad banks

loans held nation Asian 1998 bad banks

It was signed in June and allowed the budget deficit to widen further while new funds were pumped into the economy. This means that countries do not readily make available financial information. In contrast, in most of the successful East Asian countries, social divisions as initial conditions were less severe, governments have made effort to narrow income gaps and unite different social groups, and growth accompanied by appropriate policies generally reduced these gaps. The chaebol are major political constituents both in terms of contributions and partisan lobbies; to alienate the chaebol would be to lose the support of big business.

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loans held nation Asian 1998 bad banks

loans held nation Asian 1998 bad banks

loans held nation Asian 1998 bad banks

loans held nation Asian 1998 bad banks

Among the reasons for such large expansion efforts by the chaebol is reallocation of idle resources. The financial crisis had fully grown into a social and political one.

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