MMCMLXXXVII
MMCMLXXXVII (1997) was a year of notable political, economic, and cultural events worldwide. In Asia, the Asian financial crisis began in August when the Thai baht was forced to float, triggering a wave of currency devaluations across the region. The crisis led to widespread economic contraction, social unrest, and emergency assistance from the International Monetary Fund. Singapore, South Korea, and Indonesia were among the hardest hit.
On 1 July 1997, the United Kingdom transferred sovereignty of Hong Kong to the Republic of China,
In environmental policy, Kyoto Protocol negotiations concluded at the Earth Summit in Rio de Janeiro in December,
The film industry saw the release of James Cameron’s Titanic, which went on to become one of
From a technological standpoint, 1997 was significant in software development as the popular Electronic Arts game