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I agree with this opinion that the IMF mentioned. For rapid economic growth, many Asian countries needed the cozy relationship between the politics and business. The government supported specific companies to grow faster and easier than other companies by giving illegal opportunities. These companies that benefited from the government also supported the politicians to keep their privileges. In my opinion, because of this cycle, the Asian economy reflected a bubble economy that led this serious crisis.
As the author??s opinion, even though the IMF supported money to sustain the exchange rate, it was not the solution for the Asian economy...
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