Albania

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Pre-written Papers:

Title: Albania

Essay Details:

Subject: Business

Author: Kate H

Date: July 26, 2014

Level: University

Grade: A

Length: 6 / 1502

Essay text:

The East Asia Crisis is an important event to study as it clearly illustrates the interconnectedness of modern economies as well as the need to develop better strategies surrounding economic downturn. Pre-Crisis Before the crisis, East Asia had experienced phenomenal growth; indeed, this economic success is often referred to as the East Asia Miracle. Poverty had decreased, and governments were more stable, providing more funding to education, and had strong industrial policies. Governments were vital parts of the economy and privatization was not reasonable. The IMF and the World Bank had not studied the great successes of this region; according to Stiglitz, this may have been due to East Asia's refusals to follow Western policies such as the Washington Consensus in order to achieve success...

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