can forex trading destroy the country economy?

Question

in 1997 i heard that soros is the man behind the corruption of south east asian economy

Answer 1

Check your sources. And read this essay to get your thinking started in the right direction:

http://www.pkarchive.org/trade/baht.html

If you want something a little more advanced on the subject, read this:

http://www.pkarchive.org/crises/DISINTER.html

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Answer 2

The vulnerability of a country to speculative attacks in the foreign exchange markets depends on the fundamentals. If a government maintains a policies that makes its currency overvalued, there will always be speculators that will bet against them and win. The US was forced to float its currency in the early 70's.

Answer 3

No, that only happens in Countries that are unstable, with
bad economic policies, and who are then prone to capital
flight because of both their political as well as economic
uncertainty....Forex is very important in everyones markets,
sometimes exchange control's restrict the movement of
money into, as well as out of a given forex market................