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Why would they steal the service economy from us? This is nonsense. Most of the services are supplied because of domestic demand, not foreign. Trade doesnt comprise that large a chunk of the GNP.
the world you live in changing faster than most are willing to keep up with.
we once had a thriving motorcycle industry that was seen as a permament rock of the U.K's economy.
the japs destroyed it in no time at all by flooding the worlds market with cheap but reliable hondas ...they sold them cheaper than it cost them to make them. same with a lot of goods ...they took over the worlds electronics etc ...but you can't see things like that happening with our fragile service sector?
if you think it's nonsense then fine ...but i think people who refuse to see the huge changes taking place economicaly in this world are in for a series of big shocks.
Its measley little Luxembourg. What other countries are increadibly rich; Monaco rings a bell....
Is that not a very very naive question to be even asking never mind us answering?
I dont think he understands these two concepts.
how then do they have a nuclear capability ...space capability ...electronics plastics engineering etc etc?
but the big changes are always happening and people just get on with their lives. Over the past 100 years at least there hasn't been a long period where the economies have been stable and haven't changed. Ages ago, like in the industrial revolution England was always a major textile producer. France had it's agriculture and wines! Spain had iron and steel, and boats
I forsee China becomming the most powerful country in the world, allied with the south east asian countries by economic ties (who afterall, wants to play against the largest economy in the world?) and they will have their own consumership from Japan, tourist destinations etc. Eventually China will have sufficiently wealthy citizens so it does not have to export as much (or depend on it at least). The economy is controlled currently, to stop growth going out of control, because if it does then there will be a recession afterwards and China wants a steady controlled growth because it's still steadying itself on its feet as a world trading power.
Who has benefited from NAFTA? I dont think it has been Canada or Mexico.....
If you are outside a world trading block you are not loosing out. Any imports that you have to pay tarrifs on you subsidise and any exports you stick a tarrif on to pay for it! Do you not think free trade is an overrated theory too heavily branded about.
Change takes time... in the cities where travel and trade is most prominent change occurs the fastest, in the isolated areas in small villages, it does not influence the big government. Stalin didn't like the idea of slow change and tried to bring everyone together in big communities - grand scae farming etc.
Sometimes it's best not to rush things...
the americans are seriously concerned about the chinese becoming the dominant economic world power ...theres no stopping that happening.
when one and a half billion people are on an industrial/economic surge like never before seen in history ...somthing has to give ...many things will change.
the impact on the environment ...globaly will be very serious.
the impact on the price of raw materials will be fucking huge.
china is sucking in the worlds recourses at an alarming and accelerating rate ...there is nothing you can compare it with.
they have recently done deals with south american companies for timber and the food that will be grown in it's place ...bringing in masive earnings to those south american countries ...the economic scene is therefoe changing drasticaly and rapidly ...you are being left behind in your thinking if you believe that the growth of china on this scale will not change the economic face of the planet.
food is going to become more expensive over the next five years as china feeds it's growing cities.
more and more oil is going to be heading in that direction as is more and more investment.
if you believe all is going to stay the same as it ever was for smaller non manufacturing countries then i'm afraid you have your head up your arse.
I was refering to world trade and specialisation. Look up the latter and it will show why each country will benefit from a strong China.
how the hell anyone can believe that the U.K can prosper on its own with it's pound is beyond me.
Switzerland of all places has one of the strongest currencies in the world!!!
Did you know that London trades 60% of the worlds internatioanally listed shares and deals in 1/3 of the worlds money transactions every day, yet we have the £!!
as a farming country we are very efficient but i'm afraid we do not have the acerage to compete with south american companies on price.
the americans are that concerned about this shift in power that i would bet money that within the next ten years ...south american countries will be invaded by the north for these very economic reasons.
What a good answer:
As long as theres a favourable interest rate investors will buy pounds. Why do you think so many rich arabs live in London?
"as a farming country we are very efficient but i'm afraid we do not have the acerage to compete with south american companies on price."
Ok so hold on.. In one sense you are saying prices will rise because China is sucking in resources yet in another sense you are telling us that prices are going to fall because it will be cheap to grow food in S. America??
Are you telling me S. America is going to be invaded by the North in the next 10 years for economic reasons?!?!? Where do you buy the weed you smoke?
Yes perhaps it would all move to Frankfurt if we joined the Euro....
yes europe does over produce ...another reason we should be a main player in europe. that is the only way our country will get a look in.
small things ...like my isp ...an irish voice used to answer the help line ...now it's an asian one. all kinds of stuf is moving to asia and if you can't see other more important stuff moving there then i can't understand why.
what is so strange about americans invading other countries for economic reasons?
they may well work out economic warfare to use the south instead of bullets but i can assure you americ is going to need to control more and more resources to have any chance of staying at the top in this rapidly chamging world.
time will tell.
By paying for France's over production?
Outsourceing benefits the economy.
Ok.. so they are going to take our farming Business? So what is the problem if they can produce it cheaper they have an absolute or a comparative advantage do they not?
"yes europe does over produce ...another reason we should be a main player in europe."
The overproduction means our farmers get a very low price for producing food which is heavily subsidised by the EU and by you the tax payer. The some of this overproduction is dumped on the 3rd world markets driving their own farmers out of business because it lowers the prices and they cannot compete with free food.
"small things ...like my isp ...an irish voice used to answer the help line ...now it's an asian one. all kinds of stuf is moving to asia and if you can't see other more important stuff moving there then i can't understand why."
That is comparative and absolute advantage at work. Free trade means that companies will move where they produce the goods most cost effectively. It lowers the price for us in the west and we can concentrate on producing goods we do well in comparassion. It is arguably not a bad thing and our manufacturing has been moving away for decades yet we have replaced it with other production such as the UK's comparative advantage in financial services in the exact same way with the call centres. I know for a fact that a call centre opened this week in Belfast so it still shows you that they are operating within the UK and companies will not simply abandom their roots all the time.
"americ is going to need to control more and more resources to have any chance of staying at the top in this rapidly chamging world."
American companies control the resources not the government..... Surely it will not matter who controls the resources but mearly who can offer the best price to purchase those resources?