Explained: How George Soros Sparked The 1997 Asian Financial Crisis

By Sandhya Ravishankar

In India’s own backyard, in 1997, billionaire hedge fund investor George Soros sent several Asian economies tumbling as he shorted the Thai Baht. A domino effect began, resulting in misery and economic collapse of many Asian countries such as Thailand, Indonesia, Malaysia and South Korea among others. 

Professor Dr Marie-Aimée Tourres is a French development economist based in Malaysia who has authored a book titled ‘The Tragedy That Didn’t Happen’ on the 1997-98 Asian financial crisis. Professor Marie was in Malaysia at the time of the economic collapse and has a first-hand account of what unfolded that fateful year. 

Here’s an exclusive interview with Professor Marie. 

Do watch and share.