Asia managers confident about region's prospects

Asia fund managers believe the region has managed to pull itself out of the morass of bad debts and financial crisis which overhung the markets in the late 1990s. The region contrasts starkly with Latin American economies, which are being dragged down by problems in Argentina and Brazil. 'Some people have learnt from the Asian crisis better than others and some have displayed incredibly short memories,' said David Gaits, fund manager at First State Investments. 'From the company point of view, when it comes to corporate governance, a lot of the practices of the past have begun to dis...