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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Ron Bower who wrote (2496)	10/27/1998 4:41:00 AM
From: Tom	Read Replies (1) \| Respond to of 2951

Ron, About the Stiglitz article... He states, "A rise in gross domestic product had to be accompanied by a rise in living standards." That's the bottom line. Ties-in w/ the content of a post I made to WONG yesterday, where I mentioned domestic consumer demand in the ASEANs. We've beat the topic around enough on prior occasions. Suffices to say that those nations who are incapable of providing higher living standards, for whatever reasons, will either remain the boom-bust puppets we know or sink into societal and economic oblivion. I suspect the latter will be their fate. Then, of course, they could always try to tread water until they become tribune states of China.