The "Asian financial crisis", did not solely affect the countries of Asia but also had an impact on other world economies including the United States. This paper will look at the short run effects that occurred on the U.S. Steel Industry as well as predictions of long run effects in the future.
"Asian financial crisis" started in July 1997, when speculators and Thai residents were trying to sell the baht and buy U.S. dollars, because the fixed exchange rate of the baht were pegged artificially high to the U.S. dollar. …
