How did Malaysia avoid the worst effects of the financial crisis in Southeast Asia? by opening its country to greater foreign investment to stimulate economic growth   by following SAP austerity measures (i.e., cutting government spending on infrastructure, etc)   by raising interest rates in order to strengthen its currency   by ignoring IMF prescriptions and imposing capital controls

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter18: Globalization
Section: Chapter Questions
Problem 15E
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How did Malaysia avoid the worst effects of the financial crisis in Southeast Asia?

by opening its country to greater foreign investment to stimulate economic growth
 
by following SAP austerity measures (i.e., cutting government spending on infrastructure, etc)
 
by raising interest rates in order to strengthen its currency
 
by ignoring IMF prescriptions and imposing capital controls
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