Word: yongchaiyudh
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Dates: during 1990-1999
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...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...
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