(I)The collapse of the economies of south east Asia in the early years of the decade was later followed by that of Korea the classic tingler economy. (II) What happens next in a region that is now strewn with the wrecks of so-called economic miracles? (Ill) This leaves Europe and United States as significant mass markets. (IV) The assumption that recession will spread in the region owing to capital flight and belttightening is most plausible. (V) This will deepen as foreign investors increasingly reduce their profile in south east Asia.