Economic Crisis in India Southeast Asia & Argentina
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Case Code: ECON002 Case Length: 05 Pages Period: 1980 - 2001 Pub Date: 2004 Teaching Note: Available |
Price: Rs.200 Organization : - Industry : - Countries : India, Argentina & Southeast Asian Countries Themes: Economics, Politics and Business Enviornment |
Abstract Case Intro 1
Caselet 01
Between 1980 and 1990, India's internal debt increased from 36 percent to 56 percent and in 1990, the external debt was around $70 billion. The political unrest prevailing during that period and the Gulf war of 1990 worsened the financial situation in India. The Gulf crisis led to a sharp rise in oil prices. Oil imported into India became much costlier and this led to a rapid fall in India's foreign exchange reserves. In 1990-91, India's foreign exchange reserves were as low as $1 billion...
Caselet 02
The Southeast Asian economies enjoyed strong growth in the 1980's and early 1990's. Countries like Malaysia, South Korea, Indonesia and Thailand (known as the Asian Tigers) enjoyed 8% growth, with remarkably low levels of unemployment. This growth rate was much higher than that of developed countries like the USA. The situation changed in 1997 as financial crisis struck Thailand, followed by Malaysia, Indonesia and South Korea. The financial crisis had been brewing in these economies during the decades of their phenomenal growth...
Caselet 03
In 1991, Argentina introduced free-market reforms. A currency board was established to control the exchange rate and the money supply. The peso was fixed to the dollar and money supply was restricted to hard currency reserves. The country lifted price controls and regulations on the movement of capital and embarked on a privatization program. Public sector companies in mining, oil, telecommunications, transport, and utilities were privatized...
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