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Do you think the fast moving economic changes in India and China and would have implications for America and the West?
Of course they have implications in the West. The question is what makes it a cycle. Factories, software, cheap labor, make it a no brainer to do business in those and other emerging countries. So now China wants to make 55,000 miles of roads. How does that get paid for? Taxes up, salaries up, and lower costs go elsewhere. I'm sure India has is also building infrastructure. I don't have the answer, but I know this is a cycle.
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Yes, it does.
As their economies grow and their populations and firms become more technically sophisticated, outsourcing will still occur.
Further, the price of raw materials will increase in the short term as economic growth has occured while the supply is constant.
As well, china and india will compete with the us for a variety of goods and services head on. And they will do a better job of it, just like Japan did.
Further, economic growth in China and India means more consumer goods, including cars. Lots of them. If you believe in global warming, well, hope you like saunas.
The implications are there since several years!The awareness to those has cought attention in the last few years and not to the depth it deserves!
The question is how long it would take that the economic leadership of the world will move from the Westren world to China!
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