To: Claude Cormier who wrote (13402 ) 5/10/1999 10:49:00 AM From: donald sew Respond to of 99985
Claude, The ASIAN TIGERS (JPN,HK,KOR,ETC) were so strong in the 80's with the JAPAN market hitting its peak in 1989, then the decline started. During the 80's our economy was in an uptrend but strongly lagging the JAPAN market. In the 1990's JAPAN started its decline and the U.S.market went into it strong uptrend in 1994. I dont think the ASIAN nations will just sit back. As their economy rebounds they will become more competitive with the U.S. which should make it tougher for U.S. corporations to meet high growth figures. Im not saying that they will overtake the U.S., just that it will make it tougher for U.S. corporations. As the Asian countries improve, their market will also attract more funds globally, which will put some strain on liquidity in the U.S. market. Right now we are already seeing some effects of money moving to other global markets, and this is only the beginning. I realise that it can still take a few years for the Asian countries to really get back on their feet, but markets can also trade 1-2 years ahead of themselves - just look at the INTERNETs. Concerning computer technology, the U.S. will stay in the lead, but this is the area where there may be the largest growth in competition. India, in the past lagged other Asian countries but with the computer era, they have jumped dramatically in the sense of education in computers producing a strong resouce of brains. There are no huge companies yet in INDIA but I believe that their time will come. With the internet, as much as U.S.corporations are benefiting the most now, it has also made it easier for global competition in the future. On a relative basis, it really doesnt cost that much start computer related companies as compared to heavy industry, like the automobile industry. This has been a problem in the past for countries like INDIA and CHINA, but with the computer industry capital startup costs are within their means now. Yes it can take years some time, but it could also happen alot faster than U.S. corporations would like. seeya