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To: Serge Collins who wrote (6305)	9/1/1998 11:06:00 AM
From: Yarek Szolomicki	Read Replies (1) \| Respond to of 18016

I agree, Asia was allowed to flood the West with its cheap exports enriching Asians beyond belief in just 30 years. During the 80s when the West went through a restructuring and a recession, they were laughing at us and now when they overexpanded, they come crying to the IMF. There was no IMF for the West during their recessions why should it be for Asians. Over 30 billion for South Korea??? Why. Let them bite the bullet, stop whining and go back to work.

To: Serge Collins who wrote (6305)	9/1/1998 12:22:00 PM
From: norm chin	Respond to of 18016

"The West has exploited who? Asia?" It seems you find that hard to believe. Sad to say that the developed nations routinely exploited 3rd world countries including Asia. I am NOT here to pass judgement but simply stating facts. Detail is to follow. "I doubt that. In fact, Asia has taken advantage of the Western world's largesse for years and we said nothing." In what way Asia has taken advantage of the West? You should be specific instead of generalizing. "I think this will change now as people will be more vigilant and demanding particularly as it pertains to fair trade and business practices in these countries." You mean to say people was never vigilant and demanding before today? You got to be kidding. We in the West can demand as much as we want and we have been doing. Since oftentimes they failed to cooperate, what are we going to do? You may have the answer. I, for one, surely don't. "The West has not exploited any country for 30 years." Does that mean exploitation prior to 30 years ago does not count? Time and time again, we heard or read that developing countries are "raped" by multinational companies (guess where these cos. came from?). They mined their minerals, cut their timbers and used their labors. Guess who reaped the benefits and who lost? What do people in these countries get in return? Loss of natural resources such as timber, land, bauxite... and in some cases, devastation of their ecosystems. Sure they earned a few bucks but does it worth the cost to them? This is a complicated issue and I am sure there're factors that I have not touched on and there are other perspectives. Again, let me say it's not my place to judge. "On the other hand we have pumped billions into the Third World with very little positive results." Surely, you jest! In your way of thinking, what do you expect to get back? Do you think we spent/invested so much resources in the 3rd world because we're charitable? SELF-INTEREST is the primary reason. If we FAILED TO HELP the poor nations, one of the consequences is that we would have a great deal of social and political unrest, alot more than what we're experiencing today. Like it or not, what happen to other countries will impact us, some more than others. Needless to say a good example of this is how the Russian and Asian crisis is bringing down our market.