SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Doughboy who wrote (7160)12/5/2002 4:09:19 PM
From: fattyRead Replies (1) of 306849
 
>Look at India's software industry and Taiwan's semiconductor industry; they both were a product of former emigrant entrepreneurs who got trained in the US, saw the benefit of low labor costs back at home, and brought the knowledge back home.

Oh sure, in India, nobody know how to make toilet paper but everyone can program in Java. I don't see how heathy that kind of economy is. If Taiwan didn't have a good relation with the US, I don't see how the US was willing to import all those chips and motherboards. And if Taiwan was more receptive to foreign investments and ownership, I don't see why foreigners can't play the same role as those immigrants.

What happened in Taiwan, Korea etc was a product of the cold-war that didn't encourage technology transfers and the pre-globalization age that held significant trader barriers. If you look into the case of China, most of the big and innovative companies are operated by either home grown talents or foreign investments. The H1-B type of immigrants contributed very little to the current developments.

>And getting back on topic, there's no doubt that the US economy and the housing market in particular have benefited from the waves of immigrants.

I think the housing market benefits more from cheap foreign imports. With less money to spend on low tech items like sneakers and CD players, the average family can spend more on housing, which can't be imported from elsewhere.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News