In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies that resulted in economic instability and crisis.The collapse in the values of their currencies undermined their development by:

Question

Quizplus · Accepted Answer

The sharp decline in currency values led to reduced investor confidence and capital flight, which in turn reduced investment in these countries, undermining their economic development.

In the Late 1990s, Thailand, Malaysia, and Indonesia All Experienced