What patterns of borrowing characterized the emerging states in East and Southeast Asia?

History

1 answer:

OverLord2011 [107]4 years ago

6 0

Answer:

The governments of East Asian and Southeast Asian countries, the makers of what economists call the "East Asian miracle" (Japan, South Korea, Hong Kong, Taiwan, Singapore, Thailand, Malaysia and Indonesia) , have intervened extensively in their financial markets. Their policies aimed at creating financial markets and institutions, heavy regulatory laws were passed, they directed credit selectively to some industries and away from others. In this way, they wanted to mobilize savings and influence the allocation of investment. They provided rewards (subsidies, access to credit or foreign exchange on preferential terms) to industries or companies that were in priority business areas or whose performance was very good.

They also discouraged consumption credits by impeding mortgage markets and others from developing. The aim was to stimulate savings.

Explanation:

You might be interested in

Thinking about the definitions of Revolutionary discussed earlier, do you think the Magna Carta played a role in the thinking of

alexdok [17]

Yes, the Magna Carta was likely though of by our founding fathers because its was a large step twoards democracy. The document stated that the King of England was not above the law; the king now had legal restrictions on his power. It also guarantees a free trial which the founding fathers implemented in United States.

7 0

3 years ago

How did gorbachev and reagan dramatically change the relationship between the united states and the soviet union?.

nalin [4]

Answer:

The two leaders met face to face for serious arms reduction talks.

8 0

2 years ago

Who were the three MAIN allied forces that invaded Normandy on D-day?

Gennadij [26K]

Hope this helps.

United States History.
Home.
D-Day, the Battle of Normandy. The Battle of Normandy was fought during World War II in the summer of 1944, between the Allied nations and German forces occupying Western Europe

3 0

4 years ago

true or false: the fighting in chapter 5, of the red badge of courage, was limited to henrys location.

Taya2010 [7]

It wasn't limited to his location so it will be FALSE.

6 0

3 years ago

Read 2 more answers

In Arabia, where did towns develop during the rise of Islam Pls help quickly.

Ronch [10]

Answer:

Rashidun and caliphate