Most of us still can remember the year 1997 economy crisis which hit whole Asian countries. Those countries that major affected are South Korea, Malaysia, Indonesia, Hong Kong, Laos and Philippines. At that time, we can see that all these countries currencies dropped to a lower level against the US dollars.
During that year, the economies of Southeast Asia were the main attraction for foreign investors due to its high interest rate. We observed that the hot money pumped into these regions various sector such as properties, stocks and so on. The growth domestic product rate was 8 – 10 % for these countries.
