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To: E. Graphs who wrote (12628)5/26/1998 5:12:00 PM
From: E. Graphs  Respond to of 25814
 
The Asian financial crisis is producing global capitalism's version of a fire sale:

washingtonpost.com

>>The bargain hunt by foreign investors has touched most of the countries that have been pounded by the Asian crisis -- including Japan, South Korea and Thailand. Foreign investors have remained wary of Indonesia because of political instability. But elsewhere, foreign companies are finding a welcome mat, lower sticker prices and a currency devaluation to sweeten the pot.<<

>>Some foreign and Asian businessmen say the flood of newcomers could change how business is conducted in Asia, where success in the past was often dependent on political cronyism and back-room deals. That could create a more efficient economic system, said one Thai businessman.<<