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

To: Esvida who wrote (681)	1/11/1998 3:07:00 AM
From: GuinnessGuy	Read Replies (2) \| Respond to of 9980

Al, "I would deem it nothing short of a miracle if any country there could overcome corruption in one generation. It is almost a way of life since most people there live with it for all their life and they know that it was the same for their parents, their parents' parents, etc... Agreed. IMO, it could easily take three generations. The only way that I see it happening quickly is through some sort of really violent revolution or overthrow by another system of government(an invasion) that doesn't tolerate that sort of misbehaviour. I wonder how long it took the British to break the corruption thing in those afflicted countries that they colonized? I think that we only need look at Mexico to see that one generation isn't enough. Corruption was widely recognized as one of their main problems back when the Peso took that first bad spill back in '80 or '81. They've now had about 3/4 of a generation and I think most would agree that they still have a looooong way to go. Some might even argue that very very little has been accomplished in Mexico in terms of stamping out corruption at its roots. Some of the recent stories that I hear out of Mexico send shivers up my spine. And it's amazing how many of these stories never make into wide distribution in this country's press. Ah, but Mexico is another topic.... Craig