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| Topic: |
Miscellaneous
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| Number of pages / Number of words: |
16 / 4382 |
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The expanding private sector and increasing incomes resulted in very high savings rates. On the other hand, this expansionary fiscal policy also has its negative sides. Although the expansionary policy reduced the negative effects of the Asian financial crisis in 1998, it also led to overheating sectors...
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Although the expansionary policy reduced the negative effects of the Asian financial crisis in 1998, it also led to overheating sectors. The sectors include real estate, automobile, steel and aluminium. The investment boom also caused energy shortages, clogged transportation and a rise in prices of raw materials...
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