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

To: RealMuLan who wrote (37433)	8/24/2003 3:50:42 PM
From: BubbaFred	Read Replies (1) \| Respond to of 74559

The only international programs that China can afford and will likely push would be mutual developments and wealth distribution that could be more equitable and widespread to the society including laborers and farmers. China will not have excess wealth to spread around and rain them on geopolitic dictators. In order to participate, partners will have to contribute. That means production from the bottom levels. There will be no freebie when partnering on mutual development with China. In contrast, during the last 50 years much U$$$ have been given away and wasted through U$AID and other U$ foreign aid program$, because the intent has been geopolitical sphere of influence rather than real economic development for jumpstarting economies or sustaining or initiating trade of goods. Most of the U$$$ were spent on program$ that could not be sustained after the programs were initiated, and therefore wa$ted. Most of the infrastructure development programs that I am familiar, the loans never include any funding for operation and maintenance. Guess what usually happens to any infrastructure that is not maintained? Follow-up reports on the effectiveness of those loans have been mostly negative, and those reports are generally buried never to be mentioned again. In fact, most of those soft loans have not been paid back except the interests from new loan programs. A substantial 30 to 35% of today's US loan programs are used to service the old loans (i.e. pay the interests) and for administrative costs (fatten the bank accounts of politicians). Once in a while the loans have been allowed to be forgiven and they are merely written off the books of US banks.