During the Asian Crisis of 1997-1998,U.S.hog farmers experienced decreased demand and lower prices for their products because of

Question

Quizplus · Accepted Answer

The decreased demand and lower prices for U.S. hog farmers during the Asian Crisis of 1997-1998 were primarily due to the decrease in the value of Southeast Asian currencies relative to the U.S. dollar. This made U.S. pork products more expensive for Southeast Asian importers, leading to decreased demand and lower prices for U.S. hog farmers. Protectionist trade policies in Southeast Asia or a general Asia-wide depreciation of the U.S. dollar did not play as significant of a role in this particular situation.