Why were South Korea and Indonesia the most affected countries by the crisis in Thailand in 1997?

[Ichig]

Why were South Korea and Indonesia the most affected countries by the crisis in Thailand in 1997?

[lokeung)]

No, it was a pan-Asian thing.

Thailand's economy has almost no effect on other countries back in 1997.

You should read more about the details on the causes of Asian economy change and currency devaluation in 1997-1998.

[willister]

Originally Posted by Ichig

Why were South Korea and Indonesia the most affected countries by the crisis in Thailand in 1997?

South Korea = a lot of foreign lending? Ironically because of the 97 Asian financial crisis, I thought it propelled them much quicker to where they are now than of it had not occurred.