Below is a brief summary of the causes and events that redefined the industry and the world in 2007 and 2008 2008 financial crisis - the history the underlying cause of the financial crisis was a combination of debt and mortgage-backed assets since the end of ww2, house prices in the united states have been steadily rising. Greece became the center of europe’s debt crisis after wall street imploded in 2008 with global financial markets still reeling, greece announced in october 2009 that it had been understating. The global financial crisis and its impact on eee trade export growth had been increasing at a roughly similar rate in most of the world’s major geographical regions in the two years prior to the crisis (figure 5) however, one region that stood out for its relatively rapid export growth was the cis.
- east asian financial crisis are an evidence of fact that economies are prone to fianacial pressures in spite of a stable sustainable growth rate the east asian economic crisis is the most important economic event in the region of the past few decades. The asian financial crisis of 1997 was a financial crisis that affected many asian countries, including south korea, thailand, malaysia, indonesia, singapore and the philippines after posting some of the most impressive growth rates in the world at the time, the so-called tiger economies saw their stock markets and currencies lost about 70% of their value.
Asia’s major economies were swept up by the financial crisis, even though most of them suffered only indirect blows japan’s and china’s export-oriented industries suffered from consumer retrenchment in the us and europe.
Southeast asian tiger economies look to avoid crisis repeat the financial turmoil sometimes known in thailand as the tom yum goong crisis erupted with the baht’s devaluation 20 years ago on.
Despite significant inequality, china is already ranked among the largest economies in the world tiger economy and us foreign policy with the tiger economies (particularly china) ramping up economic growth and military power, president obama aimed to “pivot to asia” throughout his two terms in office (2009-2017. The asian financial crisis was a series of currency devaluations and other events that spread through many asian markets beginning in the summer of 1997. The celtic tiger's growth slowed along with the slowing in the world economy in 2002 after seven years of high growth   the economy was adversely affected by a large reduction in investment in the worldwide information technology (it) industry.
2008 financial crisis the export-oriented tiger economies, which benefited from american consumption, were hit hard by the financial crisis of 2007–08 by the fourth quarter of 2008, the gdp of all four nations fell by an average annualized rate of around 15% exports also fell by a 50% annualized rate.