The economic crisis that swept through Southeast Asia in the late 1990s was primarily caused by:

Question

Quizplus · Accepted Answer

The economic crisis in Southeast Asia in the late 1990s, often referred to as the Asian Financial Crisis, was largely triggered by the deregulation of the financial sector, which led to excessive borrowing and speculative financial activities. This deregulation made the economies of Southeast Asia vulnerable to rapid capital outflows, leading to currency devaluations and economic downturns.

The Economic Crisis That Swept Through Southeast Asia in the Late