* The consequences to society: -The first currency devaluation crisis has almost immediately affect the price of goods and services. Inflation not only reduced real income which, together with the collapse of the stock market, inflation also reduces the rate of serious household reserves.-The rate of poverty is increasing in the period 1997-1998. Social discrimination as more extended distance. In South Korea, the crisis has led to a sudden increase in poverty rates from 3% (appreciation of the IV in 1997) to 6.4% (through you I in 1998) and touch the level of 7.5% (appreciation of the III, 1998). In Malaysia, this ratio increased from 6.8% to 7.6% (1998). -The budget for education and community health in crisis countries be cut mercilessly to cornered the budget offset for the economy. -Crime rates and violence also increased during the period 1997-1999 in the East Asian countries. Political instability with the departure of Suharto in Indonesia and Chavalit Yongchaiyudh in Thailand is a good example. Anti-foreign mentality rise along with the scathing critique aimed at George Soros and the International Monetary Fund. The Islamic and separatist movement flourished in Indonesia when the Central Government of the country. -In South Korea and Malaysia, the Government budget for the protection of the environment are also being cut. The South Korean Government has cut 12% of the cost of environmental protection in the additional budget in 1998. The Malaysian Government then cut part of the budget of the Ministry of science, technology and the environment. Not those that cause serious consequences to the economy of East Asia, the financial crisis of 1997 are also no small impact to society.-The crisis spread not only in East Asia that it contributed to the financial crisis in Russia and the financial crisis in Brazil. Some countries do not suffer the crisis, but the economy also suffered badly due to reduced exports and reduced by the FDI into the
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