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Detroit area companies hunker down in Thailand.
From:
Crain's Detroit Business
| Date:
July 20, 1998| Author:
| COPYRIGHT 1998 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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BANGKOK, Thailand - The Dusit Zoo boasts 300 mammals, 1,100 birds and 200 reptiles, including crocodiles, tigers and orangutans - and an A&W restaurant.
Here, close to Chitlada Palace and the National Assembly Hall, is a visible symbol of Michigan business outreach in a city where Japanese vehicles cram the streets, construction on high-rise office towers has stalled, and residents are reeling under Asia's economic tumult and an uncertain future.
"Almost no one expects positive growth before early to mid-1999. And even under fairly optimistic projections, the economy will not ...
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