China Warehouse- More Than Crockery Message Board

STOCKTALK

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 : China Warehouse- More Than Crockery

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RealMuLan who wrote (2863)	3/21/2004 8:57:52 PM
From: E. Charters	Read Replies (1) of 6370

If India could grow as fast as China, then we would really be in trouble. These odd growth rates are really the result of the extreme imbalance in technology and living standard between G7 and Asian countries that has developed in the past 200 years. The major Asian nations, once held back by stodgy or unwieldy governments are now determined to catch up. They have decided there is no reason to remain mired in primitivism. The trouble in India is that the social and political complexity is a major stumbling block to the cross the board social change that would be required for a meaningful national industrial policy to be implemented and make a difference. In China, the monolithic government can make sweeping changes by edict. This is sort of proof that the old Greek ideal of a dictatoship of a small social elite can be the most efficient government. Most of the business Asia had in the 50's to 80's was from trade with the West, and was initiated by technology transfer to the Asian countries, through the setup of western industry as a latter day mercantile system. It was really partially offshore western business in many instances such as Shanghai and Singapore manufacturing outlets. Only Japan and Hong Kong had a pre-War economy and technology that remotely competed with the west. Japan led the way in establishing it's own outlets and marketing in Western countries and Taiwan and Korea followed. Many Asian manufacturers however were an early version of the Mexican cross border manufacturing plants. What is taking place now in China and to a lesser extent in India is somewhat different. There now it is more an industrial great leap forward. It must be supported by trade however. India's cards are human capital industries and outsourcing. Outsourcing is controversial, not that beneficial to western society and not a good industrial base. China must find more than internal markets to support its growth. EC<:-}

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next