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To: Henry Volquardsen who wrote (295)	6/26/1998 10:01:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 3536

thanks Henry..I had heard a fund manager who invests in SE Asia said the same thing about the Chinese not having to devalue.. wonder why they lately have been suggesting the possibility? also re lifetime employment in Japan..that has changed now I have read..who knows..I read but no longer necessarilly believe.. great point about how the Japanese have an ego or saving face problem..to the point of self destruction? ..also great point about easy solution bobby

To: Henry Volquardsen who wrote (295)	6/26/1998 2:30:00 PM
From: Jerry in Omaha	Read Replies (2) \| Respond to of 3536

Henry, <<They are much lower on the technological food chain. Their products are more basic and demand is constant and less price elastic.>> FWIW recently on impulse I purchased a four foot level manufactured in China, a basic tool, for $6.97 in Omaha, Nebraska! The level is narrow gauge extruded aluminum but full sized and amazingly true with accurate level indicators for horizontal, 90 degrees and 45 degrees. In addition it has an inscribed rule in both inches and millimeters.In short a serviceable tool for a homeowner. It's no Stanley, but it's five times cheaper and does exactly the same chores! When I try to consider that the $6.97 price of this serviceable tool included manufacturing costs, freight from China and profit for who knows how many middle men my head spins. Does economy of scale somehow incorporate sheer mass of humanity? Or is something simpler like product "dumping" going on? Another question; how poised is China to market to the developing world with ultra-cheap products we could never compete with? Somehow I feel that getting and keeping customers will become increasingly important as the elements of global enterprise consolidate in the next twenty years. Jerard P