Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (41433)	11/14/2003 4:39:07 AM
From: elmatador	Read Replies (1) of 74559

NAFTA or no NAFTA the US will continue to lose manufacturing jobs. This is a service economy. And it needs NAFTA to sell services. Either will be lost to Panama or to China is immaterial. But those manufacturing jobs have their days counted. Liberalization, globalization has already made a dent on those protected markets that were left behind. It was good albeit badly implemented. We need to go further. Put those Florida orange growers otu of business and pretty soon they discover something else to do. Put those insurance companies in LATAM out buisness and you'll see they will find somenthing else to do too. No one is asking for NAFTA to solve the problems, but conditons changing, the countries will move up a notch. It will help destroy the collusions and the protected niches. Bliue collars of carmakers were destroyed and moved on. Those blue collars are very much concentrated in a few spots and they get hit real hard on those spots and become very much visisble, but on the overall scheme of things they are little.

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