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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (22738)	8/10/1998 12:08:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 70976

Justa, This plant closure is a method to preserve "jobs at home" in Germany, by eliminating external costs and foreign production that competes against its own domestic work force. We are seeing many international companies pull back from manufacturing "overseas" to preserve their core business at home. I look at it this way, if the workers at home get layed off due to foreign competition, then these companies lose the "home consumer" market since layed off consumers don't have discretionary money to spend on non-essential "consumer" items. We may see some increasing international tariffs become common place to fend off export dumping that is depressing products produced at home in many countries with higher valued currencies. If this occurs then it will further depress the Asian recovery outlook, IMO. Just my opinion, BB