After the Asian Financial Crisis of 1997-1998, East Asian Economics

question 29

Multiple Choice

After the Asian financial crisis of 1997-1998, East Asian economics were exposed for corrupt close connections. The term coined by this corruption was

• A) Asian Tigers.
• B) crony capitalism.
• C) The Asian Kittens.
• D) Hong Kong capitalism.

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Definitions:

Racial Inequality

Refers to disparities in outcomes and opportunities among individuals based on their race or ethnicity, often manifesting in economic, educational, and social settings.

American Federalism

The system of government in the United States where power is divided between a central government and individual states.

U.S. Government

The federal political system of the United States, consisting of three branches: executive, legislative, and judicial, established to govern the country.

Policy Decisions

Actions taken by government leaders or institutions that establish regulations or guidelines on various issues affecting the public.