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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (38529)9/21/2003 1:39:59 PM
From: Haim R. Branisteanu  Read Replies (1) of 74559
 
Jay would like to add to your comments about building big infrastructure projects in China that it is only part of the solution.

Japan went the same route and it did not work for them.

What is needed is fiscal stimulus for the inland population - e.g. all those resettled around the 3 Gorge Dam for example should get a % of the revenue generated by the power station.

Any one starting a business in inland China should receive grants and assistance via tax breaks.

and most important of all China and all other populous countries should set a realistic minimum wage well above the prevailing rate today.

This improve their standard of living and will encourage consumption.

I am not an apocalyptic person but it seems to me that you are yearning for that ....... I hope you will contradict my conclusion.

I always find it interesting that when I express some extreme concepts on SI the responses are outright extreme with no positive suggestion for a solution
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