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

To: Rational who wrote (397)	1/3/1998 11:06:00 PM
From: Zeev Hed	Respond to of 9980

Sankar, I think Asia is awash with virtues of its own, both historical and current virtues. I am the last one to talk about Asia as a ghost town. If you remember my rosy long term forecast is based on the belief that Asia will suply hordes of new consumers in the next 20 years. What happened recently I see as a hiccup. I believe that one of the results of the current problems will be the establishment in Asia of their own form of a "security blanket", and I hope they do not copy the example of Europe or even the US which might have gone a little overboard (particularly Europe). In Asian countries, I believe that "civil responsibility" are much nmore accepted as a norm of personal behavior than in the west. But that virtue has a price attached to it as well. I am sure that in time a balance between the individual initiative and the public initiative will come to a new balance as well. Zeev