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Strategies & Market Trends : Asia Forum

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To: Ramsey Su who wrote (8801)	7/6/1999 12:46:00 PM
From: Paul Berliner	Read Replies (1) of 9980

Regardless of their intentions, the net results are favorable. Asia is healthier since the crises, when the world was first exposed to the gross mismanagement of emerging market economies. While the U.S. model may not be perfect, I challenge you to find a better one. There are several countries that have adopted the U.S. model and are now thriving - but it takes time & commitment. If Indonesia fails to adopt a proper capitalist model in favor of the crony-capitalist model that has proliferated in Russia over the last 10 years, then their fate will be one more unsavory than anything Soeharto could've ever propagated.

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