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To: elmatador who wrote (53360)9/15/2004 4:55:11 AM
From: energyplay  Read Replies (1) | Respond to of 74559
 
Interesting that with the exception of Russia and Brazil, most of the big mining countries tend to be nominally AngloSaxon, Austrailia, Canada, US and SA (sort of)

Lots of US ownership of those mining companies.

So when China buys raw materials....



To: elmatador who wrote (53360)9/15/2004 11:40:33 AM
From: RealMuLan  Read Replies (1) | Respond to of 74559
 
>>China takes money from the US, and pass it over to the countries from where they import.<<

What left with China during the process of transferring? tiny tiny profit and HUGE environmental problems. I read that for every 3 billion Yuan investment China attracted, China would have to spend 5 billion Yuan to accommodate and clean up later.



To: elmatador who wrote (53360)9/15/2004 7:56:41 PM
From: Taikun  Respond to of 74559
 
<The world is moving to an era a spread prosperity as wealth is spread more evenly.>

Wealth and prosperity are relative. Happiness is individual.

2bn of the world's population currently corners the market on consumption of most of the energy, raw materials and assets. 6bn of the world's population will not earn the avg income of the US, Japan and UK.

'The pie is fixed in size' actually does apply here. There are limits to the supplies of raw materials, energy, clean water, air, food, and increasing competition for these resources will drive up pollution and health costs.

The median real income measured in a currency basket is coming off such a low base, that it will rise as a whole but the median will be higher in economies that are: resource-rich (Canada, Norway, Australia, Brazil, Mexico), have young populations and/or strong net migration (Iceland, Ireland, Australia, New Zealand Canada, Hungary, Turkey) or have low labor input costs and strong real productivity (China, India, Brazil, Mexico)

The median real income will be lower in developed countries that are import-reliant for energy and raw materials and have high labor inputs. The US, Germany and Japan fall here.

What are the inputs of countries like US, Germany and Japan? I have been struggling with this.