Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (18973)	5/14/2002 6:23:58 PM
From: carranza2	Read Replies (2) of 74559

I also am colonizing them with CDMA. We defeated Japan and now they graciously buy our products and bed-making services I really want to understand this globalization thingie. Yeah, yeah, I saw the PBS documentary. Still puzzled. It looks like old-fashioned mercantilism, possibly in reverse, to me. Find the cheapest place to make stuff and sell it wherever it will sell. Sell the sophisticated high-tech stuff internally or to similar (rich) sophisticates but don't let the poor ones in on the deal (they can't afford it anyway) because they'll figure out how to make stuff even cheaper and gain competitive advantage--can't let that happen. If the poor countries get in trouble, which they often do, the rich IMF puts the monetary screws on them. So they survive, but barely, and at a horrible social cost. Their populace is poor and bitter, ready to bite the hand that feeds it. The less rich countries are left to compete with the cheapness of their labor--not a good thing--but better than having their unemployed pick up Kalashnikovs. This cycle looks like it will go on and on with the poor countries making meager progress and falling on their ass every so often. Can't be a good thing.

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