This topic contains a solution. Click here to go to the answer

Author Question: Technology transfer comes only from nations importing new capital goods in the current account. ... (Read 66 times)

lracut11

  • Hero Member
  • *****
  • Posts: 536
Technology transfer comes only from nations importing new capital goods in the current account.
 
  Indicate whether the statement is true or false

Question 2

Describe the background factors that contributed to the Asian financial crisis.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

SamMuagrove

  • Sr. Member
  • ****
  • Posts: 312
Answer to Question 1

FALSE

Answer to Question 2

Investors were seeking higher growth and government policies were thought to be very stable and favorable for growth in this region, so there were tremendous capital inflows. Most currencies were pegged to the U.S. dollar and the dollar was appreciating internationally, causing the real exchange rates to be overvalued. Export earnings were damaged by the currency values. These revealed other weaknesses in corporate structures, regulatory systems, and the financial sector, especially in the area of transparency.





 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

For a complete list of videos, visit our video library