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Strategies & Market Trends : Waiting for the big Kahuna

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To: Lee Lichterman III who wrote (40078)	5/19/1999 10:02:00 PM
From: John Gault	Read Replies (1) of 94695

L3, I don't think most third world countries are going to have the same view of capitalism the Us has, or at least had. The ground up capitalism isn't going to happen. Major Multi-national companies will be able to move in and dictate the price of labor because it's too plentiful. With the advancements in manufacturing, delivery , and scale it will be almost impossible to compete, imho. Which is why you have not seen the standard of living improving for Mexican workers and why right along the boarder labor is cheaper then in the center of Mexico>>>> how can that be if capitalism is working? Because near the boarder is where the Us factories were set up. citizen.org "Maquila Model Spreads Throughout Mexico: Rather than decreasing the role of maquiladoras along the border, NAFTA has encouraged the spread of export processing zones into Mexico's interior. Mexican officials have announced that their original plans to pursue the elimination of maquilas under NAFTA by revoking their special tax treatment may now be jettisoned.(100) Proponents of export processing zones have claimed that "more sophisticated factories are scattered throughout the country."(101) Instead, they are simply promoting the spread of the export manufacturing zones to parts of Mexico with even lower wages. Lack of Mexican Business Development Under NAFTA: 300 maquila firms, mostly foreign transnationals, account for 70% of Mexican exports. Yet these maquiladoras use less than 6% of Mexican inputs(102) and pay the typically low wages associated with maquiladora employment. NAFTA Crushes Mexican Small Businesses: Under NAFTA, by 1997, an estimated 28,000 small businesses in Mexico had been destroyed by competition with foreign multinationals and their Mexican partners.(103) "

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