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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (15474)	2/23/2002 5:46:33 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

People forget that there are lots -I would say billions- of people- willing to work for very little money to produce goods to be exported to developed countries. Those are the ones that will keep inflation in check. Compare that with the half of last century -before Asia entered the market producing goods. A few countries monopolized the producing of goods. Hence they could pay high salaries and achieve wealth. As technology made possible relocation of industry, they went out to produce where it was more economic. Tapping this reserve army of industrious hard working from the underdeveloped world. Production so distributed -in a global scale breaks inflation. And the world's economies have only scratched the surface of the potential for use cheap cheap workers. Secondary school kids drop outs that can operated a 150.000 dollar machine to produce goods. Example: Mexico. And you know that the losers that barricade IMF and other political-economic jamborees are just afraid of their subsidized industries running away to India or Brazil. Good bye cushy jobs.! Open any economic or business paper: It's all about everyone taking its case to the OMC. It's all about barriers and tariffs. Ok, this is becoming too long: Inflation is not in radar screen. Too many commodities cheap cheap. Too many goods cheap. TOO MUCH OVERCAPACITY!