What was the economy of Southeast Asia like in the 1990s?

Question

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The economy of Southeast Asia in the 1990s was characterized by a roller coaster ride of economic boom and bust. This was evidenced by the rapid growth of countries such as Thailand, Malaysia, Indonesia, and the Philippines, which attracted foreign investments and experienced rapid industrialization. However, this growth was followed by a sharp economic downturn in 1997, known as the Asian Financial Crisis, which led to currency devaluations, bankruptcies, and widespread social and political unrest.

What Was the Economy of Southeast Asia Like in the 1990s