Part 1 of Essay
: The Lexus and The Olive Tree Summary: Opening Scene: The World Is Ten Years Old. “ The trouble spread to one continent after another like a virus.” USA Today On December 8, 1997, the government of Thailand shut down 56 of their countries finance houses. These finance houses borrowed heavily in U.S. dollars an ....

Part 2 of Essay
.... in South Korea, Malaysia and Indonesia. Southeast Asian slowdown began to have an important effect on commodity prices around the world, including Russia. Too many of Russia’s factories couldn’t make anything of value. Without much of a growing economy, the Russian government became dependent on taxes from crude oil and other commodity exports to fund its operating budget. The hedge funds – the huge unregulated pools of private capital that search the globe for the best investments – ....