The Asian financial crisis of 1997 was one precursor to the 2008-2009 global financial crisis.

Name: The Asian financial crisis of 1997 was one precursor to the 2008-2009 global financial crisis.
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The Asian financial crisis of 1997 had significant impacts on the global economy and exposed weaknesses in the international financial system. These weaknesses were not fully addressed and contributed to the 2008-2009 global financial crisis.

The Asian Financial Crisis of 1997 Was One Precursor to the 2008-2009