Thanks for Andrew's article on the recent crisis. A brief comment. I
guess this nice article leaves only one main thing out, which I was
wandering about these later days. So, question for everybody. To what
extent the spreading militancy in Eeast Asia and South East Asia has
affected economic performance and therefore contributed to shake the
markets and worrying the speculators? If we look at the stats on
strikes, the upward trend all during the 1980s is remarkable in East
Asia and South East Asia. I don't have the recent data, but memories
are fresh about the South Korea wave and recent turbulence in Malaysia
and Indonesia. I'll have to check those.
% rate of change of average working days lost (1989-93/1984-1988)
USA - 3.52
NIGERIA + 527
MEXICO + 13.87
HONG KONG + 84. 9
INDONESIA + 391.7
SOUTH KOREA+ 35.41
MALAYSIA + 350.27
PHILIPPINES - 57.38
SRI LANKA + 74.30
THAILAND + 60.50