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

To: pcyhuang who wrote (146)	12/26/1997 12:03:00 AM
From: Don Earl	Read Replies (1) \| Respond to of 9980

Hi Paul, From the limited amount of research I've been able to do so far the pattern seems to be: The World Bank loans a country billions of dollars for health care, roads, social programs, etc. Once they get them up to their ears in debt they attack their currency and make the meeting of payments impossible. The IMF moves in and cracks open trade restrictions like a raw egg. All of a sudden the old banks are gone and the new banks take over. It seems to start from friction over trade restrictions similar to what you are describing in Twiwan. I don't know if this is a reasonable explaination for what's going on or not. At this point I'm mostly trying to pull some sort of "why" "who" "how" and "what for" out of the apparent chaos. I'm very much open to alternate explainations. Change of subject. I've been trying to find a website that has information on income levels in different countries. Mostly I'm looking for information on what typical factory wages in Maylasia and Korea are. So far I haven't been able to find anything useful. Any help would be appreciated. Regards, Don