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The Lexus And The Olive Trees
Beginning of Essay
: The Lexus and The Olive Tree
Summary: Opening Scene: The World Is Ten Years Old.
“ The trouble spread to one continent after another like a virus.” USA Today
On December 8, 1997, the government of Thailand shut down 56 of their countries finance hous .... Middle of Essay
.... Indonesia. Southeast Asian slowdown began to have an important effect on commodity prices around the world, including Russia. Too many of Russia’s factories couldn’t make anything of value. Without much of a growing economy, the Russian government became dependent on taxes from crude oil and other commodity exports to fund its operating budget.
The hedge funds – the huge unregulated pools of private capital that search the globe for the best investments – were the transmission device from Russia to all the other arising markets in the world, particularly Brazil. The declines in Brazil and the other emerging markets became the ....
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Words: 2343 - Pages: 9
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