Following years of uninterrupted economic growth in emerging markets around the globe, many regions have experienced severe financial & economic difficulty: problems in several East Asian economics & Russia have the potential to spread to other regions, such as Latin America. This report focuses on the situation in Asia. The crisis there has exposed American firms to an uncertain environment in a region that represents 1/3 of their exports. U.S. exports to Asia plummeted during the first half of 1998. Chapters: regional strategies: Asia, China, Latin America & the Caribbean, Europe & Africa; small business; agreement compliance; & trade promotion spending & performance.Daley, William M. is the author of 'National Export Strategy Staying the Course, 6th Annual Report to the Congress' with ISBN 9780756702014 and ISBN 0756702011.