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In 1997, Thailand faced several barriers to economic growth, most notably the onset of the Asian Financial Crisis, which led to a collapse of the Thai baht and triggered widespread financial instability. Other challenges included high levels of corporate debt, inadequate regulatory frameworks, and a lack of transparency in the banking sector. Additionally, the economy was heavily reliant on exports, making it vulnerable to external shocks. These factors collectively hindered sustainable growth and led to a recession in the country.
What else can I help you with?
What are the release dates for Wild On--- - 1997 Wild on Thailand?
Wild On--- - 1997 Wild on Thailand was released on: USA: 1999
When was Constitutional Court of Thailand created?
Constitutional Court of Thailand was created on 1997-10-11.
What are the release dates for The Living Edens - 1997 Thailand Jewel of the Orient?
The Living Edens - 1997 Thailand Jewel of the Orient was released on: UK: 1999 USA: 27 January 2000
Is there happening why GDP of asean countries decreases in the year 1998?
The Asian financial decrease in 1998 was due to financial contagion, It raised fears of an world wide economic crash in 1997.The crisis started in Thailand.
Who won The Prize in Economic Sciences in 1997?
Myron S. Scholes won The Prize in Economic Sciences in 1997.
When was Five economic tests created?
Five economic tests was created in 1997.
When was Steady Growth Stakes created?
Steady Growth Stakes was created in 1997.
When was Disciplined Growth Investors created?
Disciplined Growth Investors was created in 1997.
When was European Review of Economic History created?
European Review of Economic History was created in 1997.
When did John van Essen die?
John van Essen died on January 3, 1997, in Chonburi, Thailand.
What major economic events happened between the years 1997-1998?
all I can say is the Asian financial crisis in 1997
When was Wałbrzych Special Economic Zone 'INVEST-PARK' created?
Wałbrzych Special Economic Zone 'INVEST-PARK' was created in 1997.
