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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (35223)	12/12/1998 3:43:00 PM
From: j g cordes	Respond to of 94695

Some calculate the highest standard of living was in the late 1950's into the early 60's in the US. A gross disparity of wealth does create stress, but it doesn't necessarily mean that a process of equilibrium will ensue. Consider also that the advantages of technology tend to accelerate the pace of wealth creation in the country and companies that have and use it. There is a world wide acceleration of divergence of earning power and wealth among the wealthier countries versus the poorest countries. In order to satisfy the growth and need to market goods and services of the wealthy countries, they must open new markets, which is the driving force behind opening up South America, Africa, Asia, India and China especially. Will the growth of poorer countries compromise the growth of wealthy countries? To a minor extent as measured by percentage difference, but not in absolute terms.. wealth is increasing in total not decreasing or staying the same. There's a beneficial synergy to increased world trade. Is this good, or right.. I'm not sure. I don't feel that capital markets are the best solution for everyone. There were many unique historical events and traditions that have made it work in the US. In the current race to have market economies everywhere, there will undoubtedly be many failures and new beginnings that in the end must rely on local input. Jim

To: Haim R. Branisteanu who wrote (35223)	12/12/1998 5:36:00 PM
From: William H Huebl	Respond to of 94695

Haim and Jim, I thought, as you say Jim, the disparity was increasing... my point to this all is that the SEA situation is certainly overblown and at current levels of "interlinking" of economies, the US should not be as strongly affected as one would believe in the press and perhaps, as is in the markets. Bill

To: Haim R. Branisteanu who wrote (35223)	12/14/1998 9:39:00 AM
From: RealMuLan	Read Replies (2) \| Respond to of 94695

<<Now how do you reconcile around 3 billion people with a $1200 to $3000 GDP per capita with $32,000??>> I am wondering where does your statistics come from? My source is from the following link: pathfinder.com@@kF4cR3DkjgIAQGHS/asiaweek/current/issue/bottom.html Per Capita GDP for some of these Southeast and East Asian countries/Regions: GDP (PPP) GDP (Norminal) (PPP --Purchasing-power Parity) $28,235 $31,900 (Singapore) $24,550 $26,400 (Hong Kong) $16,610 $13,303 (Taiwan) $11,520 $4,287 (Malaysia) $13,660 $9,511 (South Korea) $6,795 $2,450 (Tailand) $3,650 $738 (China) $3,520 $1,203 (Phillipines) $3,750 $981 (Indonesia) $23,105 $33,800 (Japan) vs. $30,025 $29,950 (United States) Note for these figures (From AsiaWeek): These figures are the latest available from national and multilateral sources (telephone data from Intl. Telecom Union). These statistics will appear only occasionally: GDP (PPP), savings, foreign debt, literacy rate, urban pop., people per doctor, infant mortality, people per TV and calorie intake. Gross Domestic Product (GDP) is the value of all goods and services produced in one year. Purchasing-power Parity (PPP, based on World Bank ratios) takes into account price differences between countries, for a more accurate measure of national wealth. Gross National Product (GNP) is GDP plus payments from abroad from investments and labor, minus similar payments to foreigners. Literacy rates refer to the population over 15.