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

To: RealMuLan who wrote (36667)	7/28/2003 1:25:56 PM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

Menace of the China syndrome Monday view, Daily Mail 28 July 2003 IT was an unwitting symbol of our time. Shortly after the September 11 attacks, a patriotic keychain went on sale in the US with 'God Bless America' emblazoned across the Stars and Stripes. Just underneath were the words: 'Made in China.' While the Bush administration fights a war on terrorism, US Federal Reserve chairman Alan Greenspan and other central bankers have been engaged in a battle of their own. They are trying to prevent the rise of China and other emerging markets from destabilising Western economies - including ours. ... rom Thailand to India to Lithuania, other emerging economies are also expanding again. Call centres are springing up in Bombay. Glossy brochures for West End estate agents are being put together in Africa, then emailed and printed here. Soho fashions are manufactured on the Baltic. Technology and falling tariffs allow ever greater amounts of work to be sourced to countries where wages are low, workers are keen, and health and safety regulations rather less intrusive. If all this seems far removed from events in Britain, it isn't. This process is good for consumers, but worrying for the economy overall. It is destroying two things in the West: prices and jobs. ... thisislondon.co.uk