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Politics : Politics for Pros- moderated

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From: Hoa Hao12/21/2004 2:43:47 PM
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Mmm... so much for Barnett I'd guess.

atimes.com

Unintentional strategic collaboration between the United States and China, however, transcends the visible areas of agreement. By assisting the birth of China as an economic superpower, America has shut the door to prospective challengers. The more populous Muslim countries - eg Indonesia, Pakistan, Egypt and Iran - have missed the boat and will remain poor for at least another generation. In the Islamic world, Turkey alone has had export growth within an order of magnitude of China's.

A rising tide does not lift all boats. It swamps the ones that are anchored to the bottom. "Comparative advantage" in international trade sounds well enough, but not all countries have one. Asia controlled half of world manufacturing during the 17th century because of the skill of its weavers. When the industrial revolution in England cut the cost of making cotton fabric by a factor of 300, famine overcame formerly prosperous Bengal. The Indians turned to farming opium for sale to China, to the detriment of both countries but the enrichment of the British East India Company.
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