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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: GraceZ who wrote (20509)1/6/2005 2:30:50 AM
From: maceng2  Read Replies (2) of 116555
 
"absolute advantage"

A most interesting topic. I'm going to have to give this some thought. My current view is that China is not a normal "developing nation" and is at an advantage over Western Nations, maybe because thier politicians have a more practical view of their jobs. Typically though, Western Nations exploit developing nations.

I do not regard myself as a socialist btw.

I am in business for myself and have two jobs. One in an uncompetitive state owned monopoly, the other an almost free market business that imports quality goods from SEA and elsewhere. I got out of the manufacturing business, on the "if you can't beat 'em, join them" principle -g-

In principle, I would say free trade is an agreement on trade that fits onto a single page of A4. The trade between Canada, Mexico and the USA is not "free trade" for example.

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