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Strategies & Market Trends : Asia Forum
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To: Zeev Hed who wrote (3821)5/24/1998 5:54:00 AM
From: Moominoid  Read Replies (1) of 9980
 
David, it took Mexico about a year to recover from their tail spin.

Mexico is discussed as a counter-case. They got tremendous and fast aid from the US. Which hasn't been the case in my other examples to varing degrees. Also Mexico is straight over the border from the World's fastest growing economy in absolute dollars (not rates of growth).

I think each country will have
different rates of recovery. Korea will probably be back in a growth mode after 12 to 18 months of
negative growth in GNP, this because the Chaebols are consolidating, selling assets to foreigners,
bringing in foreign partners and behaving quite pragmatically.

Korea will do best I think. Malaysia is trying not to adjust. Thailand is somewhere in between. Indonesia is calamitous.

The main problem is Japan

and as is being increasingly discussed here Hong Kong / China.

David

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