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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (15402)12/10/2003 12:07:40 PM
From: bentwayRead Replies (2) of 306849
 
<Sort of agree with you about "leveling" things out, but maybe in a different context. Seems to me that once China and other countries become more highly developed, prices for foreign goods and labor are going to inflate and look more like ours.>

I agree, but in the shorter term, say the next 40 years, I see our standard of living in the mean declining as China and other developing nations SOL rises. Once the "leveling" has occurred, a general rise may occur. Another factor is Africa, which has sort of been left out of Globalization. Rising labor cost in China, etc., may drive corporations to Africa. Such a scenario is already playing out in Mexico, with factories moving to China.
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