Based on the 1997 Crisis and Your Own Experience, What

question 19

Essay

Based on the 1997 Crisis and your own experience, what are the main weaknesses of the East Asian economies?

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Definitions:

Authority Relations

The dynamics and structure of power and control between individuals or groups, particularly in organizational settings.

Compromising

A conflict resolution strategy where each party involved gives up part of their demands or expectations to reach a mutually acceptable solution.

Political Performance Appraisals

The influence of internal politics on the evaluation of employee performance, where assessments may be biased by personal agendas rather than objective criteria.

Litigation

The process of taking legal action or bringing a lawsuit in court to settle a dispute.