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Pastimes : Ask Mohan about the Market
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To: Cynic 2005 who wrote (10778)12/10/1997 7:43:00 PM
From: Bonnie Bear  Read Replies (1) of 18056
 
Mohan: I think the multinational banks, and others, have already made asians into scapegoats. It will come back to haunt the multinational banks for many years. The notion of value in a stock equity, the notion of a bank debt, and the concept of stockholder rights are pecular to the West. We try to force our standards on the rest of the world but not our legal system, and then become dismayed at the results. If Asia wanted to set up trading pacts with each other and shut out the U.S. we will be in a world of hurt. Asia is not unified, I have asked chinese MBA students about trade with India and got a glassy stare, it's not even considered worthy of discussion. (very strange) Perhaps the result of this mess will be an improvement in the way asian countries trade with each other.
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