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The Asian Financial Crisis
Part one of term paper
As you know Asia is going through a financial crisis right now. What we have to realize is, that in the global economy everything is connected to everything else.
The global effects of the crisis are practically everywhere. It’s caused the Gross Domestic Product to callapse 38% in the nations know as the Asian Tigers. The economist estim ...
Part two of term paper ... of eight F/A-18s made by Boeing. This caused the Pentagon to give the planes to the Marine Corps, which mean they will be paid for by taxpayers. The crisis has caused the developing world’s biggest arms buyers to delay or cancel big weapons purchases from the US (the world’s #1 arms exporter) and Asian Airlines have canceled jet orders. This will hurt companies like Lockheed Martin, Raytheon Systems and Boeing.
The US trade deficit surged to a record $16.8 billion in August and now overs ...
Word count: 386 | Approximate pages: 2
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