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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Richard Tsang who wrote (30)	12/22/1997 10:53:00 AM
From: DRRISK	Respond to of 9980

RT, Thank you for your tremendous contribution. Your thinking on these matters is very important and good luck on relocation. E-mail me if you need any advice on american ways. Thanks again and welcome to thread DrRisk

To: Richard Tsang who wrote (30)	12/22/1997 11:19:00 AM
From: Stitch	Respond to of 9980

Richard, Thank you for an imformative post. You are quite right that we should avoid thinking of Asia as one, homogenous, economy much less group of people. The economies and underlying business practices reflect the rich diversity of the people of the region. Distinctions exist in religion, race, and economic position not to mention societal mores, geographic dispersion, and political structure. What is true however is that Asia seemed to rise as one in terms of economic growth over the last several years and seem to be suffering similar fates in terms of the recent events. On average Asian economies have grown 6% per year over the last several years compared to the U.S. which has recorded average growth of 2.7% and Western Europe which recorded 2.8% growth. Asia produced approximately 25% of the Gross World Product in 1992 and that figure has grown succesively each year prompting the world bank to estimate it would reach a full third by the year 2,000. Needless to say estimates will likely need review at this point. Those of us interested in the disk drive sector take special notice of whats happening in Asia. The region produces 82% of the world's consumption of disk drives. In the last 24 months 23 companies in this sector (including component manufactures) have finished, or have started, construction of over 10 million square feet of new manufacturing space. Most of us hope for a quick return to health of the ailing economies. The disk drive industry has never been an easy one to forecast. Asia's current problems are just one more factor of uncertainty. Best wishes on your new venture in the U.S. and for a happy and succesful New Year. Gong Xi Fa Chai. regards, Stitch