The Impact of the Global Financial Crisis: A Comparative Study between Thailand and Slovakia
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Abstract
This paper describes a comparative study on the impact of the global financial crisis on two countries,
Thailand and Slovakia by aiming to define common characteristics and differences between both economies
under the context of the global financial crisis and anti-crisis measures that were adopted in both countries.
By having strong and healthly financial and banking system, global financial crisis was transmitted to both
countries through export channels. There are, however a huge differences in their unemployment rates.
Thailand is a country with one of the lowest unemployment rates in the world. Slovakia belongs to the
countries with the highest. This can be partly explained by the different structure of their labor markets.
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