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

To: Tom Markowski who wrote (356)	1/3/1998 12:18:00 AM
From: Rational	Read Replies (1) \| Respond to of 9980

The "help" is self-help; there is no largesse! It is quid pro quo. How many poor African nations are helped by the US? There is no quid pro quo. The US is running to Asia to offer help because it expects tremendous returns from such help. Corruption is not critical. I think US perhaps has the highest level of subtle corruption, yet the monetary system is designed to work. The SE Asian monetary systems failed. Look at China and India; they too have a lot of corruption. But, their monetary systems have not failed and are unlikely to fail; this is mainly because their central banks monitor all (private+govt) external debt and control the foreign exchanges.