Asian financial crisis
Asian financial crisis Asia is the largest of the earths seven continents. ... The continent is also divided into two cultural realms: one, which is Asian in culture (East Asia, Southeast Asia, and South Asia) and one that is not (Asia of the former USSR, and Southwest Asia). Our world has been in the midst of perhaps one of the most widespread financial declines in recent history. The global trade economy is suffering greatly and the Asian countries have much more export and trade than that of western countries, so their economy is affected greatly by this. Most people try to group the countries that are affected by the crisis together, but there are many variations among the countries themselves in policies and institutions, and their level of development.