I had used up all of my money for the month, and owed, at the same time, my sister ten dollars. Boy, that was pure hell. You can't

buy anything, and you feel like you have no control over anything. Well, imagine an entire continent in a financial rut. That is what

is currently going on in Asia. This dilemma is known as the Asian Financial Crisis.

Now, what exactly is the Asian Financial Crisis? Well, it is the current imbalance of Asia's economy. While some areas are

doing great, most areas are poor and economically unstable . Currency value has gone down drastically, the stock market is at an

all time low, and people all over the continent are fearing for their futures.

The United Nations definitely should get involved in this crisis. They should have been more involved in international

loaning, which would have helped, if not prevented the debt Asia is in now. They also should have made sure that the currency

rate stayed stable the second the stock market began to drop. Perhaps, if the UN was more involved in Asia's economic affairs this

crisis would not be in this state of mishap.

Other people have different types of ideas....the decision of Prime Minister Mahatir Mohamad to fire and then arrest his Deputy

needs for the price of things have zoomed. As the Chinese economy is shrinking so extravagantly that it's destroying itself, all

(All these things I just told you about triggered the stock market to flop. People, when they get scared the market is

US people, they are fearing that the crisis will effect the US stock market. I read an article the other day where a reporter was

because of inflation and the rise currency rate.

matter. The financial crisis, she said, "is not something that is just specific to Asia where it began but is a global financial problem

little. Companies in the worst-hit countries, South Korea, Indonesia and Thailand, borrowed boundless sums of money as their

Some common words found in the essay are:
Indonesia Thailand, Financial Crisis, Especially Japan, Hong Kong, World Bank, United Nations, Robert Rubin, Madeline Albright, Japan UN, , hong kong, stock market, financial crisis, asian financial, asian financial crisis, currency rate, asian countries, massive layoffs occurring, involved international, savings invested, effected crisis, vulnerable industries, currency rate stayed,
Approximate Word count = 1959
Approximate Pages = 8 (250 words per page double spaced)