Word: rimmed
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Dates: during 1990-1999
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...didn't put itself at the center of this storm. It was placed there first by the countries requesting help, then by the other Pacific Rim nations. For different reasons, both lenders and receivers wanted a middleman to give them cover. For all the embarrassment that attaches to it, a bid to the IMF allows recipient governments to claim that an outside force is compelling them to make unpopular but necessary reforms. Donor countries can also avoid taking the blame for the pain that IMF requirements impose...
...Troubled Tigers Leaders of Pacific Rim countries aren't talking of economic miracles at their annual meeting. This time, in the wake of an IMF bailout, it's down to crisis management...
...Troubled Tigers Leaders of Pacific Rim countries aren't talking of economic miracles at their annual meeting. This time, in the wake of an IMF bailout, it's down to crisis management...
VANCOUVER: The symbolism was almost too heavy: Dressed in blue denim shirts and brown leather aviator jackets like the Flying Tigers of a previous era, the leaders of Pacific Rim countries today hammered out the details of an IMF-led bailout plan for the economies of the ailing Asian Tigers...
First came the Asian Miracle, as booming Pacific Rim countries showed the rest of the world how to grow. Now comes the Asian Meltdown, as turmoil across the region shakes markets from Hong Kong to Wall Street. Last week it was Japan and South Korea that gave the world a jolt. No sooner had rumors of a possible South Korean collapse swept out of Seoul than the Japanese yen and the Tokyo stock market plunged to their lowest levels in two years. Across the Pacific, the ill winds from Asia blew the Dow Jones industrial average into a 157-point...