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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (21969)	6/12/2007 11:45:12 PM
From: axial	Read Replies (1) \| Respond to of 46821

Hi Bill - "What we are seeing here is just how thin the layer of qualified people and up-to-date facilities are in these New-Core countries. Doesn't take us long to chew though them with companies in the US and Europe." Not sure I got your meaning. If you're stating that some countries have economies and populations that are playing catch-up to others more advanced, well, yes. History has shown us many parallels. In North America, we're mostly descendants of immigrants who came here poor and uneducated. Italians and Irish (for example) went through that initial phase where they were at the social and economic margins of society ("No Irish need apply"), but gradually they worked their way to parity on the socioeconomic ladder. At one point, the United States was considerably less developed and advanced than Great Britain. Or France. Or Germany. Nobody's Top Dog forever: Egypt, China, Persia, Greece, Rome, Spain, France, Great Britain, the United States. Now it looks like China is back on the ascendant. There's always a lesser and greater, in which the lesser aspires to what the greater has. By virtue of hard work, many achieve that aspiration. Keeping the gains is another story. It's not certain globalization will achieve its promise. It may yet be seen as the greatest gift that developed nations have made to global welfare. The existence of disparities is fundamental to economics and trade: there is no "flow" without them. The old protectionist order sought to preserve these disparities by erecting barriers. Globalization seeks economic advancement by eliminating such barriers; if it works, nations such as India and Mexico will make gains on the socioeconomic ladder. Obviously, there are still many challenges, but India is far ahead of where it was even 20 years ago. Is globalization working? Some say yes, others say no. There's evidence for both arguments. JMO, Jim