Which of the following economies in Southeast Asia was considered relatively more stable during the crisis on 1997?

Question

Quizplus · Accepted Answer

With the exception of Singapore,whose economy is probably the most stable in the region,devaluations in 1997 were driven by factors similar to those behind the devaluation of the Thai baht-a combination of excess investment;high borrowings,much of it in dollar-denominated debt;and a deteriorating balance-of-payments position.

Which of the Following Economies in Southeast Asia Was Considered