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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (6814)	8/7/2001 11:06:43 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

Thanks for the figures. Perhaps the cost of 'acquiring' the Eastern part was due to the corruption in handling the process (those stateowned enterprises, the scandals in real estate etc. Lots of cash was siphoned out. I believe that all countries that had to be developed are already developed. The ones that have not developed, never will. Exception I made for China. The reason those Indias and Brazils will not develop is due to the fact that their population are too much backward in terms of education and information for them to catch up. The only way to push them into develop would be with some Lee Yew to lead them using what Gunnar Myrdal wrote in the "Asian Drama". I don't think this is feasible. I think sooner or later this cash hoard has to be diluted -somehow- into the world financial markets. Perhaps via an abracadabra.