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Asia performed better during the 2007- 08 global financial crisis (GFC) than during the 1997-98 Asian financial crisis (AFC). A.What are the differences between AFC

Asia performed better during the 2007- 08 global financial crisis (GFC) than during the 1997-98 Asian financial crisis (AFC).

A.What are the differences between AFC and GFC? [7 Marks]

B.Why Asian economies performed better during GFC compared to AFC? [7 Marks]

C.Why Asian economies are not free from future potential bubbles? [6 Marks]

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