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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (16986)	1/30/2009 9:41:45 AM
From: carranza2	Read Replies (1) \| Respond to of 71446

The solution? Globalization is the great leveler. Cheap labor countries will see their advantage disappear as labor becomes more expensive as they prosper and spend their surpluses; high labor cost countries will depend on services, IPR, brands, and cheaper labor. Marginal advantages will disappear and innovation will be the key. He who innovates the best, wins. A big teeter-totter with swings becoming less pronounced. But some sort of reasonable equilibrium [a word I detest for there is never any equilibrium, just smaller swings] will come about. But it will take a very long time. And some sort of global currency will be required. That will happen too. Maybe not in my lifetime.