Thai Union Frozen Products, headquartered in Bangkok, sells for ten times a 2007 earnings estimate from CLSA, a Hong Kong brokerage specializing in emerging market stocks.

FORBES: Swimming in Prosperity

That coincided with slowing export growth -- it contracted 11% in April -- as rising wages and other costs chipped away at the competitiveness of Thai textiles, footwear and other products.

CNN: BATTLE OVER ASIA'S MONEY

Where would German food be without the potato, Italian food without the tomato, or Thai food without chilies, all originally products of the New World?

FORBES: Modern Mix

Thai goods are now cheaper in overseas markets, possibly undercutting similar products from the Philippines.

CNN: BATTLE OVER ASIA'S MONEY