Which of the following was NOT one of the causes of the Asian financial crises of 1997 and 1998?

Question

Quizplus · Accepted Answer

The use of exports as an engine of economic growth was not a cause of the Asian financial crises of 1997 and 1998; in fact, it was a common strategy among the affected countries that had contributed to their economic successes prior to the crisis. The crisis was more directly related to financial vulnerabilities and external factors, rather than the export-led growth model itself.

Which of the Following Was NOT One of the Causes