Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Slagle who wrote (67312)	8/12/2005 10:26:07 AM
From: elmatador	Read Replies (1) of 74559

Not exactly. That is an historic perspective. Decades of protectionism hampered the industry. Cars were ten year old models, technology was not present. Then globalization came. Huge technologic jump. Today it can export more because the car are on par with the world markets. Globalism in other countries, with open markets were never bad.

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