Questions and Answers
Which countries were initially quick to discount the impact of the current crisis on the world economy?
International institutions
Which countries experienced weaknesses towards the end of 1997, leading to wider implications?
Korea and Japan
Which country was an exception among the OECD countries with regards to the impact of the crisis?
Japan
What is the main topic of Lesson 10 in the learning module?
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What are the learning outcomes expected at the end of this module?
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Study Notes
Countries' Response to the Crisis
- Initially, some countries were quick to discount the impact of the current crisis on the world economy.
- However, by the end of 1997, countries such as Thailand, Indonesia, and South Korea experienced weaknesses, leading to wider implications.
Exceptional Case
- Japan was an exception among the OECD countries with regards to the impact of the crisis.
Learning Module
Lesson 10
- The main topic of Lesson 10 is the impact of the crisis on the world economy.
Learning Outcomes
- By the end of this module, students are expected to understand the global implications of the crisis.
- Students are expected to analyze the responses of different countries to the crisis.
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