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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: David C. Burns who wrote (2504)	8/14/2000 9:48:14 AM
From: Thomas M.	Respond to of 3536

Great article! Thanks for the link. Tom

To: David C. Burns who wrote (2504)	8/15/2000 3:44:32 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 3536

Very interesting and well articulated article. I was most surprised by the argument that a high percentage of US imports were from nations with higher wage rates (like Japan) because the US lacks the capacity to produce many of the basic components that go into their assembled end-item products. And I have to wonder why this is the case since one would assume that were US wage costs lower, industrial capacity would migrate to such a favorable labor environment. Unless, it has to deal with a perception of an unfavorable political/tax environment. Anyone else have any thoughts on this? Regards, Ron