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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (10301)	3/12/2002 6:39:01 PM
From: mopgcw	Read Replies (1) \| Respond to of 10921

>The developing economies of the world made up 37% of the >world's GDP in 2000. This compares to 22% for the United >States. In a few more years, this "nothing" will be twice >the size of the U.S. economy. So what. The comparison is meaningless. Per capita, the people in developing countries will still not be able to afford houses, cell phones, computers, cars etc. Certainly, hopefully, if they keep up the growth and economic liberalization, these countries will eventual catch-up and become a major force in the economy. But it will certainly not be in "a few years". >There seems to be some sort of misconception that the >financial crisis in Asia a few years ago ended growth. >Nothing could be further from the truth. Last time I looked around Asia, growth in the region was pretty minimal. Even China is slowing fairly significantly. george