Quote:
Originally Posted by CaptainCrunch
But wouldn't you agree that the massive trade imbalance that the American's hold with the Chinese is a fail point.
For the chinese it sounds like the majority of their purchasing is either in resource or unfinished goods, and they work very hard to keep their markets semi closed to other nations finished goods?
Plus because of their ability to manufacture of the cheap any other goods are a lot higher priced then the homegrown stuff.
the American's are rightfully getting out of the manufacture of cheaper consumer goods because they can't compete cost wise with the emerging nations.
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They do a lot more than that, you know. At least in my field. My company (semiconductors) has a few number of design centers in China. A lot of that "cheap labor" is going other countries with lower cost.