During 1997, stock markets in Asia collapsed. Hong Kong"s was down nearly 30 percent, Thailand"s down 62 percent, and Malaysia"s down 60 percent.

6. During 1997, stock markets in Asia collapsed. Hong Kong"s was down nearly 30 percent, Thailand"s down 62 percent, and Malaysia"s down 60 percent. Big drops were also experienced in Japan and Korea. A. What impacts would these events have on the economies of the countries themselves? B. What ways would you expect these events to influence the U.S. Economy?