The Far East ex-Japan equity makret is still sensitive to the export cycle, but is benefiting from r...
The Far East ex-Japan equity makret is still sensitive to the export cycle, but is benefiting from rising competitiveness and a robust infrastructure. The recent West Coast docks strike illustrated the region's dependence on trade to the US. The powerful dockworkers union staged a lockout to protest against increasing technology, and ships from the Far East were stranded on the high seas. The action caused a huge jam in terms of Pacific exports until President Bush intervened to call for an 80-day cooling off period. The problem could return to affect Far East exports once that ...
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