South and Southeast Asia Essay -- essays papers

South and Southeast AsiaIntroduction The region under scrutiny happens to be among the most impoverished countries in the world, though anyowing for so much growth that is has made them among the fastest growing countries in the world. The region with all this potential is South and Southeast Asia, and the countries holding 40% of the worlds poor are Bangladesh, Thailand, Pakistan and India. How is it that South Asia has grown so much over the past decade with 35% of its men and 59% of its cleaning woman being illiterate? Or how is it that half a billion of the people in South Asia are living off less than a one dollar bill a day? So much of the information I have found for this paper is hard to swallow, though I will try and identify it to you straight and in this sequence1. What is believed to be the number one of the crisis that South Asia is faced with now?2. Who is supporting growth and development in South Asia?3. Through all this support, how much debt is being creat ed?4. What are individual weaknesses facing certain countries in South Asia?5. Can these countries be of success in the long run?The beginning of the crisis Since July of 1997 Southeast Asia has been hit by an economic crisis of major proportion. The economic crisis was originally limited to Thailands financial sector, when the central stick of Thailand devalued its money, the baht. Like so many other currencies the baht had been pegged to the all so valuable U.S. dollar to help ensure stability. Though because of the major success in the U.S. economy the dollar has been seen as strengthening, leading many investors to feel that the baht and many of the other currencies pegged to the dollar were overvalued. Because of this created concern many of the investors fearing an unstable currency chose to exchange its currency for dollars. As the confidence in the baht dwindled, companies operating in Southeast Asia scrambled to get rid of its currency as well. Thailands central bank was hoping that this devaluation would stop and eventually restore confidence in its currency, how would this happen of course? I would assume that Thailand was hoping for a lowering in the price of goods in dollar terms, which would make those products competitive in foreign markets. This in turn would attract new investments into the country. Though this did not happen, and a monsoon of loan def... ... from a large standpoint while still keeping the topics small. I did this because currency is something that nearly every country has trouble controlling. Plus there are a hatch of troubles that come with a collapsing currency, as far as market instability and fear of investing. This was just a few of the problems that effected every country utilise in this paper, every country that was spoken about was among the poorest countries in the world though still receiving recognition for being among the fastest growing countries in the world. That in its self is hard to explain how wou ld this happen to this specific region of the world. These are the types of questions that were attempted in this paper. The specific answers are not given in this paper however because I personally cannot answer them. But what it will take for these countries to succeed has been answered and the funding is there for them to do that. If the progress continues in the explosive charge that all these countries are facing, it is possible for all these countries to survive and pull themselves out of poverty. Bibliographywww.worldbank.comwww.state.gov/issues/economic/tradewww.facts.comwww.boi.go.th