The domino effect hits

Article Abstract:

The Australian economy has been hard hit by the Asian financial crisis, which began in Oct. 1997. The Australian dollar fell to U.S.$.70, and is expected to fall at least three more cents. Efforts at economic improvement could be hampered by resistance to structural reforms initiated by the International Monetary Fund, and by additional foreign investor defections from the Hong Kong stock market.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Australia, Financial services industry, Financial services, Cover Story, Stock-exchange, Stock exchanges, Exchanges, Thailand, 1997 AD

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When money flows like water, we are all in danger of going under

Article Abstract:

A deregulated capital system has caused difficulties around the world. The Asian economic crisis was caused by the fact that the region could develop industrial capacity quickly and accumulate a vast amount of savings but it could not understand the need to monitor investments and retain returns at an acceptable level. Japan has 33% of the world's savings but 17 of its 19 banks are bankrupt.

Analysis, Capitalism

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Diamonds are forever, but not without pain

Article Abstract:

The diamond industry in Southeast Asia is going through a slump. The economic crisis in the region and problems in the diamond industry are the causes. Thailand, which offers a good quality-for-price ratio, is expected to spearhead the industry's resurgence. Despite these problems the industry is expected to survive.

Diamond industry

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