[lbo-talk] SK vs. NK

uvj at vsnl.com uvj at vsnl.com
Mon Jan 10 07:50:49 PST 2005


Doug Henwood wrote:


> >How much China's foreign trade ($1 trillion in 04) contributes to
> >high growth rates?
>
> Lots. it's the major driver of Chinese growth, though the internal
> market isn't small.

55% of Chinese exports are done by the foreign funded enterprises. Why the US and the EU don't encourage the development of manufacturing industry in Central and South America in a similar fashion? Higher wage costs relative to China?

Ulhas



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