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One of the causes of the Asian crisis has been traced back to the devaluation of the Chinese renmibi in 1994, which according to some

One of the causes of the Asian crisis has been traced back to the devaluation of the Chinese renmibi in 1994, which according to some economics, put a strain on the export led economics of Southeast Asia and eventually made them more vulnerable to the crosis. do you think this is theory is valid? Argue your point with reasons.

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