To: Ilaine who wrote (4187 ) 6/3/2001 3:14:12 AM From: Box-By-The-Riviera™ Read Replies (1) | Respond to In some ways Ohmae's thesis is mirrored by some current bearish outlooks... which is to say, when it comes to the movement of capital, minimumly, the flow of capital (demand)toward world goods, beyond an outright blockcade, there are no goverment tariffs, programs, policies to stop that flow....i.e. all the numbers and pronoucements in the world lack real effect. You might even argue, and in some ways nearly by happenstance, the US Dollar has been, of all currencies, the most attractive world product, though by design might be harder to prove. When that is no longer the case, AG and the planners will be powerless to prevent the subsequent change. The heart of such a change will come from a difference in demand... which is to say that when Iraq, for example, threatens to price oil exports in Euro's, it is a very serious matter, meaning, it is in some ways like Toyota making a design change to enter a new local market via their basic world car. World products, adapted to local differences...certainly that has been highlighted in the last 14 months in Europe during the top of the oil price crisis when euroland currencies were traded for high priced dollars to pay for oil priced in dollars etc etc etc.....even in the case of an outright blockcade, the power of the black market is not to be denied either, as can be seen in the case made for mattress money flowing into dollars to avoid the Euro transition or the flow of drugs out of the southern Americas.
