Wednesday, April 22, 2015

What are the solution to the Southeast Asian currency Crisis?

What are the solution to the Southeast Asian currency Crisis?
The IMF and several countries agreed to help Thailand by funding them with $16 billion rescue package. And 4 billion come from japan. In return Thai land have to lower its budget deficit to prevent inflation from rising above 9%, increase VAT from 7% to 10% and clean up debt in local banks. But the rescue package was not efficient funding was misallocated (corruption in Thailand).
The economic crisis was not only in SEAN, it was the world problem so the US and Europe open market and help these economies get back on track. This will mean an increase in export for SEAN, earn some revenue for the economy

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