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Re: China or India?
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Re: China or India?
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As far as the world being total different, there is no clear line of when 'everything changed' really most of the economic changes can be seen as a continuation of pre-existing trends. Now people can transfer assets at the click of a button, yet before that it was at a phone call, or before that at a telegram. Alexander Dumas even included such schemes as the Count of Monte Cristo's means of revenge (I believe its only in the unabridged edition). So I can pull my money out of the USD and put them in Euros, that may seem like it could result in volatility, but it ultimately creates stability. If you look at cross listed stocks, e.g. those listed on the Nikkei and the NYSE, and you can guarantee that investors won't let the cost of one vary anymore then several cents from the other. For parts of vehicles I can answer a number of your questions, I recall a recent statistic in the economist that even the vast majority of foreign cars (Honda and Toyota specifically) sold in North America are produced in North America. In regards to Nike sneakers/textiles in general, this isn't an issue. Whether you make the shoe in Vietnam, Cambodia, Guatemala, the Dominican Republic, or China, doesn't make much difference. If there is a problem with the trade with one the companies which went to the others will pick up the slack. Look at the South during the American Civil War, the south held as its bargaining chip that it was a massive producer of cotton, and intended to use its cotton as a tool of leverage in order to get European support, yet the world simply purchased cotton from elsewhere in the world and the south had virtually no bargaining tool. Fact is textiles are quite possibly the least effective bargaining tool which one can imagine. This is why I consider the impact of Globalization to be overstated, just because one country provides something, doesn't mean that others cannot. |
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Re: China or India?
I don't think either that it's more unstable. And yes, there is continuous change going on ever since. But it's all getting more complicated and we have to adapt more quickly to changes in countries that didn't bother us much in former times.
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Re: China or India?
One of the primary reasons for China's success is their massive investments in infrastructure, which is absolutely necessary in order to attract investors. They have built around 40.000 kms of expressways lately as well as high speed rail lines, where India on the other hand have a lousy railroad network and almost no expressways as far as I know.
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It all comes down to this on election day: Are you a racist, or do you look down on spastics? |
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Re: China or India?
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China will produce 100-passenger jet airliners in 2010, their own design including engines, a significant achievement in a long series of capital-intensive development. India, with stringent restrictions on investment of foreign capital, across the board tariffs and payment imbalance, seems to still be at arms-length from attracting the partnerships and capital which have accelerated China's already fruitful long-term planning and infrastructure development. Now, to me, comes the important question; is this attributed to what I'd view as effective long-term planning and implementation (China has had some rough patches they overcame) or ? |
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Re: China or India?
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The nice thing about financial success is once it begins it provides a low cost of internally generated capital. Combined with China's controlling interest share of foreign investment rule and a pegged currency, money can almost be printed at will for internal expansion purposes and their trade surplus/debt facilitation used to acquire foreign assets. Gotta be a sweet position when your only fear is keeping it cool enough to meet infrastructure growth requirements and educating enough people to handle the expansion. |
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Re: China or India?
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Are you sure you typed that correctly? Quote:
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Another blindingly accurate comment - the Chinese system is far more condusive to growth of a 3rd world country than the Indian system. |
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![]() The universe grows smaller every day and the threat of aggression by any group anywhere can no longer be tolerated. There must be security for all or no one is secure... - Klaatu |
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Re: China or India?
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There can be no bystanders in the battle for survival. Anyone who will not fight by your side is an enemy you must crush. We are at war with forces too terrible to comprehend. We cannot afford mercy for any of its victims too weak to take the correct course. Mercy destroys us; it weakens us and saps our resolve. Put aside all such thoughts. They are not worthy of those in the service of country. |
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And the US beat Great Britain in our revolution. Since Great Britain was a superpower at the time, and we beat them, according to your logic it was then that America became a superpower.
__________________
There can be no bystanders in the battle for survival. Anyone who will not fight by your side is an enemy you must crush. We are at war with forces too terrible to comprehend. We cannot afford mercy for any of its victims too weak to take the correct course. Mercy destroys us; it weakens us and saps our resolve. Put aside all such thoughts. They are not worthy of those in the service of country. |
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Re: China or India?
That is the crux of it. As it stands now, China couldn't even seize Taiwan.
__________________
There can be no bystanders in the battle for survival. Anyone who will not fight by your side is an enemy you must crush. We are at war with forces too terrible to comprehend. We cannot afford mercy for any of its victims too weak to take the correct course. Mercy destroys us; it weakens us and saps our resolve. Put aside all such thoughts. They are not worthy of those in the service of country. |
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Second, China IS a superpower, but not because of it's military alone. Quote:
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First of all, these days it isn't the military which is the sole deciding factor in whether a country is a superpower or not. Economics is far more important, and China's way ahead of the world as far as growth in it's economy is concerned. Further, you have no idea about the Chinese military, since all the information you are giving is completely outdated (as far as "not much of a navy, and older generaton aircraft). Last, the comparision is between India and China, and you've convieniently dodged that fact. India's military is not as, and never was powerful as the Chinese military. Which is a fact, regardless of how Thematic Device attempts to play the war in the 60's down (another poster that has very little idea about how either of the two countries really are these days). Anyway, it's a shame that all these responses have dodged the very question I posed: China or India? Thematic Device may be talking out his arse on most of it, but he at least addressed the issue, which both of you have dodged. |