How Did The Thai Baht Collapse In The Year 1997?
Thailand showed great performance during the early 90s and it was one of the dominant economies in the world. It achieved the highest Gross Domestic product which is 804 percent of the year. The major reason for such type of growth in the market is due to its export to the other countries of the world. The major reason for such type of growth in the market is due to its export to the other countries of the world. So the money earned from the export was further invested in the country in the area of construction and development. So in the year 1997 it was clearly seen that the boom is the property is getting excess in the country. So the properties were getting more booms and the governments were investing all the revenues in the property and infrastructure so that it can facilitates the infrastructure of the country. So the country was using its foreign reserves for the purchasing from other countries so as a result the country was getting short of foreign reserves and they reach at th
