The Asian Financial Crisis
Beginning of paper
As you know Asia is going through a financial crisis right now. What we have to realize is, that in the global economy everything is connected to everything else.
The global effects of the crisis are practically everywhere. Itís caused the Gross Domestic Product to callapse 38% in the nations kno ....
Middle of paper
.... have canceled jet orders. This will hurt companies like Lockheed Martin, Raytheon Systems and Boeing.
The US trade deficit surged to a record $16.8 billion in August and now overseas sales of American farm products hit their lowest point in more than four years. The cause of all of this is too much borrowed money and too much corruption. Itís also affecting steel factories and Washington apple growers. Despite all this the US economy is steaming ahead.
The actions that are being tak ....
Word count: 386
Page count: 2 (approximately 250 words per page)