Quote:
Originally Posted by 75Sv1
http://www.cnn.com/2011/LIVING/01/17/americans.move.to.china/index.html
Also, some of those jobs are coming back to the US. Not at a rapid rate, though. The US gave some competative advantages to the rest of the world after WW2. They were down and out. The US needed them to become a viable economy to thwart communism. It worked. One of Obamas promises was to curtail these tax incentives etc. I don't see it happening.
I think Germany, France and Europe have certain forms of protectionism. Japan does too. Japan nearly wiped out our machine building industry, through illegal trade practices. They sold machinery that cost them more to produce than they sold them for. I think with cars, they sold them at cost. It cost more for one of their cars in Japan, than here.
Tom
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Japan did not set out to dominate the world economy. The Chinese are historically smarter than the japanese. Potentially having what it takes to succeed if having the world dominating economy is what they seek. Unfortunatly the destruction that may occur in them wanting to achieve that goal or end point is already too excessive. We should make some effort to smarten up sooner than later. They are after all in the process of building up a massive infastructure to serve what they visualise.