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Pastimes : Kosovo -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (17072)	9/19/2000 11:49:13 AM
From: GUSTAVE JAEGER	Respond to of 17770

So what?? East Asia will take over.... And it'll be cheaper for US and Asian money to buy out Euro assets. Remember all that fuss about the '97 Asian crisis : the whole world was doomed to collapse in a never-ending recessionary spiral --and less than two years later, Asian countries bounced back! Trade barriers in the US?? It's a joke! US corporations are far too expensive, especially if one has still to purchase US$ before shopping.... The car industry? Sure, Mercedes, Porsche, BMWs, and Ferraris are much cheaper now! LOL! Do you really think Americans will trade their lower-bracket SUVs for upper-bracket German sedans? As regards other, lower-bracket car-makers, no European brand can compete with the Japanese in the US market --except Volkswagen. The picture is even more obvious with high-tech: which computer manufacturer or which softwarehouse in Europe could displace its competitors in the US market? 85% of computer software is "made-in-USA" and Europe's last PC-builder, Siemens-Nixdorf, is no match for the IBMs, Compaqs and DELLs.... Oh yeah, MOBILE stuff!! Soon, every yankee will carry two Ericssons, three Nokias, and five Gemplus smartcards.... and maybe a WAP-enabled silk tie from Giorgio Armani! The movie industry? Sure enough, Hollywood will have a harder time squeezing a profit out of its European outlet.... but hey, with already a 60-75% marketshare, it'll not be so easily shouldered off European multiplexes --Europe's movie industry can't replace Hollywood overnight. Yet, some European industries will be more competitive abroad: utilities (Vivendi, Suez-Lyonnaise, Asea Brown Boveri, etc.) and Airbus, for example.