Dependent on a steady stream of foreign investment to finance their large trade deficits, the Thai and Malaysian governments were forced to devalue their currencies, making their exports cheaper in foreign markets.
The Thai and Malaysian governments did nothing to address their deficits.
mnli hypothesis: The Thai and Malaysian governments did nothing to address their deficits. premise: Dependent on a steady stream of foreign investment to finance their large trade deficits, the Thai and Malaysian governments were forced to devalue their currencies, making their exports cheaper in foreign markets.