Word: thailander
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...from a death sentence to a chronic disease--in countries that can afford the typical $15,000 annual cost per patient. But what about the cash-starved developing world, which currently accounts for nearly 90% of new HIV infections? It's an issue that countries like South Africa and Thailand are struggling with. And a growing number of government health ministers and AIDS activists are proposing an unusual solution: rip off the drug companies...
...similar struggle has been going on in Thailand, which has an estimated 1.5 million HIV infections out of a population of 60 million. Yet Thailand's ability to produce drugs locally has forced the multinational companies to drop prices. Until last year, Flucanazole, an important antibiotic used to fight a fatal form of meningitis that accompanies AIDS, cost $7.36 a tablet. This year the Thais began manufacturing it locally, and the price dropped to $1. Glaxo Wellcome reduced the price of AZT to less than $1 per tablet after Thailand began making its own version...
Investors wagering on developing markets in Thailand, Brazil, China, Russia and other far-flung lands have been underwater a long time. A $1,000 investment in an average emerging-markets stock fund in June 1994 would be worth about $900 today. Maybe they should be called submerging markets. This year, though, the world's economic trouble spots have come up for air--and suddenly we have the re-emerging markets...
...emerging nations, stifling the recovery. And Asia could collapse again on its own, perhaps misreading this year's higher stock prices as a sign of economic health when the buoyant markets really are just the result of bargain hunting by a lot of speculators. Already there is evidence that Thailand, the first Asian domino to fall two years ago, is ready to declare victory and backpedal on key promised banking and other reforms. If the speculators lose faith, they will take their profits and run, and emerging markets will sink again...
...just Japan that has a lot at stake. Still-limping tigers like Korea, Thailand, Indonesia and Singapore need healthy Japanese banks to lend their businesses money, and free-spending Japanese consumers to buy their exports. Japan, in its current state, has neither. The once-emulated economic juggernaut has been reduced to the humiliating status of an export-dumping nation, irking the U.S. profoundly in the process and affording no help whatsoever to its shell-shocked Asian neighbors...