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Based on the 1997 Crisis and Your Own Experience, What

question 19

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


Definitions:

Derivative Suit

A lawsuit brought by a corporation's shareholders on behalf of the corporation against parties allegedly causing harm to the corporation.

State Legislation

Laws and regulations enacted by the legislative bodies of individual states within a federal system, as opposed to federal legislation which is enacted by the national government.

Legal Violations

Acts or omissions that breach the law, subjecting the violator to legal sanctions, penalties, or legal proceedings.

Wrongdoing

Actions or behaviors that are illegal, unethical, or morally incorrect.

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