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

To: current trend who wrote (783)	1/13/1998 5:45:00 PM
From: Thomas Haegin	Respond to of 9980

CT, the idea of an ACU may be not so bad, after all. But it requires that the participating countries coordinate their fiscal policies. Fiscal policies will work only if these countries have stable political systems (preferably free) and independent central banks in order to add credibility in the process. Both these conditions at this point are met only to a lesser extent than in Europe, to say the least. And I'm not fully convinced that EMU will even work here in Europe immediately. I think it's a great project, but that it works to the benefit of all must still be proven. One point of concern to me is simply ethnic/cultural diversity here in Europe: Italians just view things differently than Germans in many respects - and both may have their point. This may be a dragging factor in Asia as well. So SEA, in my op., is well advised to take a wait and see approach on the matter and look for what happens in Europe and learn from our mistakes. Something they did quite splendidly with VCRs and cars, I guess! JMHO, Thomas

To: current trend who wrote (783)	1/14/1998 12:17:00 AM
From: current trend	Respond to of 9980

Wary of the volatile combination of Taiwan's wealth and acute regional need, China has admonished southeast Asia's leaders not to allow Taipei to exploit their distress or to ''sabotage'' their relations with Beijing. biz.yahoo.com Taiwan has won friends by sending 80 business tycoons on an ongoing mission to find new investment opportunities in the Philippines, Thailand, Malaysia and Indonesia -- with cabinet economic policy czar Chiang Pin-kung at the helm. Taiwan--The Rodney Dangerfield of the region-- CT