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The crisis Causes

An economic structural imbalances, the bubble economy, financial institutions, large amounts of bad debts, bad debts.

1,85 years onwards, the Thai economy is the rapid growth and become one of the "Asian tigers". Mid-1990s, labor-intensive industries in neighboring countries, increased competition, the gradual disappearance of the original advantages of Thailand. In this case, however, the Thai government failed to adjust the industrial structure, resulting in the investment structure, there is a serious unreasonable phenomenon: a lot of money to invest in real estate, securities and services sectors. Capital to invest in the unreasonable one hand, lead to economic development potential, it also contributed to the national economy bubble.

2, the solution to the problem of the imbalance of international payments over-reliance on capital projects, and external borrowing hungry.

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Southeast Asian countries was to promote the development of the export industry as a leading economic development, but since the 1990s, both have appeared in the foreign trade export decreased ability to balance of payments current serious deficit. In order to achieve a balance, the government prematurely open the control of capital projects to attract foreign capital inflows. Thailand's policy of high interest rates, and the project of its high rate of return is not therefore attract a large number of short-term foreign capital influx. Short-term foreign investment can only be temporary solutions thirsty, usually brings the ability to pay the crisis. In fact, these short-term foreign capital to invest in real estate, https://www.51lunwen.org/tailandassignment/ securities and private companies, greatly sizzling real estate and stock market. Of Thailand's economy is overheating, and more deterioration in the economic structure. When the rate of return on investment declined significantly, see short-term foreign investment unprofitable will have divestment, so that the original intention of the introduction of foreign investment in Thailand could not be achieved.

3, the premature opening of the capital, foreign exchange input out of control.

1980s, the speed of international capital flows is increasing rapidly, in order to attract foreign investment to promote domestic economic development, the Southeast Asian countries to accelerate the pace of the opening up of capital projects. Thailand in the early 1990s the basic abolition of controls on capital flows. In fact, the conditions of these Southeast Asian countries opening up of capital is far from mature. Thailand: Baht pegged to the dollar (1) a fixed exchange rate system is not a market exchange rate, it overestimated the price of the baht. (2) baht deposit and lending rates are too high, and vulnerable to international short-term speculative capital arbitrage arbitrage impact. (3) Thai national macro-control capacity is weak, international serious balance of payments https://www.51lunwen.org/tailandassignment/ current account deficit, the low level of international foreign exchange reserves. January to June 1997, in the face of foreign short-term capital is pulled out of the devaluation of the baht increasing 本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。