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Many of them, for instance, were too dependent on high-tech exports, especially to America.
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Yet they are currently stymied by their own country's restrictions on high-tech exports to India.
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U.S. unemployment remains stubbornly high and start-up costs are rising, while high-tech exports are in decline.
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He notes that high-tech exports make up only 12% of the total, half the European average.
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All the talk in Asia is about whether electronics and high-tech exports will recover in 2002.
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Meanwhile, high-tech exports such as electronic integrated circuits and phones jumped 64 percent and 21 percent, respectively.
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We still have a lot of trade restrictions on high-tech exports that are actually carryovers from the Cold War.
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High-tech exports may be affected by slumping demand and sliding currencies in Asia, but so too are agricultural products and minerals.
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Emerging-market economies like Singapore, heavily dependent on high-tech exports to the industrial world, suffered an even greater economic contraction than America, their biggest customer, did.
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In contrast, American high-tech products rose only from 34.5 percent to 35.9 percent of our total exports to China.
CENTERFORSECURITYPOLICY: Center For Security Policy