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Strategies & Market Trends : Asia Forum

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To: peter michaelson who wrote (1681)	1/29/1998 10:04:00 AM
From: Thomas Haegin	Read Replies (1) of 9980

Worswick and Peter, to both of you thanks for your stories on India and Zimbabwe. Actually, the story on India has rather shocked me. You did it once more, Worswick <g>! But OTOH, we have have the luxury of choice whether to invest in these countries or not, be it a Coke that would like to enter the market with direct investments in the billions or we private investors via $5'000 in a mutual fund. There is nothing wrong in leaving these countries alone and buying stock of let's say GE or T. I understand that local feelings may not welcome western capital intrusion, know-how, MTV culture and "free-market capitalism". The governing parties must decide for themselves what they think is in the best interest for themselves or ideally, the people. However I doubt that locals feel better when ripped-off by other locals than by foreigners <g>. We cannot but respect their decisions and will allocate our resources elsewhere. BTW, is Union Carbide still present in India? Did they bail out after Bhopal? Selling their stakes to local heros? I just don't know. Thomas

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