Buy custom Country Report: Philippines

Essay's paper info

Essay's paper body

In 1997, the Asian Financial Crisis began to slow the economy. The major problem became non-performing loans as in many other countries affected by the crisis. This has led to greater regulation in the banking sector and fiscal spending to try and help the economy to recover. The crisis also had political implications because of the lack of performance in the economy...

This has led to greater regulation in the banking sector and fiscal spending to try and help the economy to recover. The crisis also had political implications because of the lack of performance in the economy. From 1998 till 2001, weak Presidential leadership hurt the recovery path. The lack of leadership gave rise to current domestic security issues that include terrorism and local conflict (World Bank Country Profiles)...

General points of the essay

Asian Crisis On 1998 Asian Crisis Asian Financial Crisis Country Report: Philippines Critically examine why financial liberalisation brought financial crisis in most of the Asian countries but did not bring a crisis in either China or India. East Asian Economic Crisis east asian crisis Impact Of The Global Financial Crisis On Indian Economy Influence Of The Financial Crisis On The Chinese Economy south-east asian currency crisis The Pharmaceutical Industry and the AIDS Crisis in Developing Countries The Cause of The Asian Financial Crisis East Asian Crisis In The Econo Resolving the Debt Crisis of Low-Income Countries Philippines in Fiscal Crisis

Essays related to the topic