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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Chip McVickar who wrote (187)	5/29/1998 11:37:00 AM
From: Filbert	Read Replies (2) of 3536

I'd like to sort of weigh in here with regards to the India/Pakistan discussion and the currency/global market effects. I believe that Pakistan will be hurt by sanctions more than India. These numbers are approximate, but I believe that 70% of Pakistan's economy is based on foreign aid, while just 25% of India's is relying on foreign monies. Obviously, the political dimensions of the nuclear blasts are many. China has proven in recent past that they are focused on their ancient borders, hence the aggression in Tibet, the retaking of Hong Kong, Macau and their "interest" in Taiwan. The US is bound to Pakistan through legal treaties as well. Since the Eisenhower administration, Pakistan was chosen as a country crucial to the US effort to contain the old Soviet Union. As a result, Pakistan has had access to a higher level of weapons and technology than most of our allies. Pakistan has used the treaty to their advantage in each of their three wars with India. Just my two cents. Filbert

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