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Strategies & Market Trends : Asia Forum
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To: Esvida who wrote (376)1/3/1998 10:14:00 PM
From: Rational  Read Replies (2) of 9980
 
Al:

I am inclined to believe (in the absence of hard facts) that US leverage (direct and indirect) as a percent of GDP is dangerously high. We do not hear about the "balance of payments" problems here because it is taken care by the market place. Most US corporations are, however, smarter and very efficient.

I would rather avoid a discussion on the socio political systems and the intangible value of living in a country. But, briefly, despite all the virtues of US, she is the murder capital of the world, with a non-trivial chance for someone living here getting killed by stray bullets and with youngsters getting judged by peers by the number of sex-partners they can muster in High School. The mind-boggling crime rate in the US is despite the fact that she has the largest concentration of per-capital jailed criminals in the world. For instance, the US capital (Wash DC) has a population of 750,000 and about 450 are killed every year. In a very crowded city like Bombay with 15 mil people, the murder rate is a tiny fraction with less than a score killed every year; an American visa officer friend of mine (deputed to Bombay) was telling me that he could without fear walk on the streets even during late in the night. These serious intangible quality differences stem from the very social fabric of most Asian countries and are invaluable.

Sankar
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