[5] Consider how the dominoes have toppled『倒塌；倒下』:

[5] 让我们来想一想这手牌是如何倒下的：

[6] The first wasThailand. It devalued the baht『铢，泰国货币单位』on July 2,1997. Few Americans noticed. After all,Thailandabsorbed only 1 percent ofU.S.exports. But other Asian countries (South Korea,Indonesia,Malaysia, thePhilippines) soon followed suit. Foreign investment capital that had poured in to these countries-as bank loans, direct investment and stock purchases-began to flee『逃走；逃掉』, because the money was badly spent. Blame fell on "crony『老朋友；密友』 capitalism" (funneling『集中的』 investment funds to favored friends or industries). Still, American economists minimized『使尽量缩小』 the impact『影响；冲击』; together, these countries buy only 8 percent ofU.S.exports.

[6]首先是泰国，在1997年7月2日泰铢进行了贬值。很少有美国人注意到这一点，毕竟泰国仅占美国出口的1%。但是，其他的亚洲国家相继跨入了这一行列（有韩国，印尼，马来西亚，菲律宾）。早先涌入的国外投资资本，主要是银行贷款，直接投资，购买股票。由于资金消耗太大，这时候纷纷撤出。责任当然在这些资本主义的国家身上（他们集中对热门工业进行投资）。此时，美国经济学家仍在尽量减小受到的冲击：这些国家加在一起，也仅占了美国出口的8%。

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