Word: thailand
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Dates: during 1990-1999
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...agency--which started out by publishing a photocopied brochure of travel tips for student travelers in Europe--has now expanded to six continents and adds a new guide every year. During the past six years Let's Go has published new guides for Thailand, India and Nepal and China...
...example, Perkins said that in Indonesia,investors anticipated a crisis because of thecountry's economic similarities to itscash-strapped neighbor, Thailand, and pulled theirmoney...
...depending on how far the Japanese yen drops. With the rest of Asia struggling to find a way out of recession, such a move could set off a new round-robin of devaluations. China knows the stakes for itself as well: it has seen how lowering rates in Thailand, Malaysia, South Korea, Indonesia and Russia gutted those economies...
Like American business generally, Harnischfeger entered this turmoil strong and lean. Well-managed with a skilled and productive work force, it had prospered from the past decade's explosive growth in global freedom and commerce. But then came the currency crisis that began in Thailand in July 1997 and spread like a contagion through the rest of Asia--and last month to Russia and last week to Latin America, hammering down local currencies and slashing demand for U.S. exports. Cheaper Asian exports began grabbing more and more domestic business away from U.S. companies and sliced into their earnings. That trend...
...sweep of the political breakdown is astonishing. In Thailand, where the disintegration of the baht one year ago set off the tidal wave, the Prime Minister presided over a spectacularly corrupt regime. General Chavalit Yongchaiyudh, a former army chief turned politician, wasted billions propping up ailing finance companies owned by political cronies. When the currency crumbled under the pressure, he chose to throw good money after bad in a futile attempt to avoid a humiliating devaluation. Malaysia's cantankerous, 72-year-old Premier Mahathir Mohamad, strongman for 17 years, ran a one-man show with total control over the country...