Indonesias doubled took years to recover pre crisis

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indonesia’s doubled took years to recover pre crisis levels -Russia and Brazil 1998 to 1999 -Argentina 2000 to 2001 -In all these scenarios the IMF was not sufficient and many countries had to be bailed out even more by their creditors -United States 2008 housing market collapse loans were being given to people who were not qualified many people defaulted on their debts and caused banks to go bankrupt the U.S. government had to step in and spend trillions bailing out the banks to prevent another great depression angered many people had repercussions all over the world *Multinational Corporations an enterprise that operates in a number of countries, with production or service facilities outside its country of origin corporations set up in new countries to gain access to local markets or take advantage of resources sometimes upsets origin countries (outsourcing jobs, human etc.,) most countries welcome MNCs because they help stimulate economies by providing jobs some disagreements involving taxes, wages, etc., *International Migration human capital skilled labor developed countries attract those from poorer countries however an influx of unskilled workers can lower wages and anger locals must consider cost to social programs
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