Re: China losing manufacturing jobs

On 27 Nov 2003 01:34:26 GMT, [EMAIL PROTECTED] (Ng Pheng Siong)
wrote:

>According to Fred Ziffel  <[EMAIL PROTECTED]>:
>> As a matter of fact, I
>> believe that international trade is EXTREMELY overrated.  We have a
>> 1/2 TRILLION dollar TRADE DEFICIT.  Trade works best for countries
>> that have a TRADE SURPLUS.  Domestic development and wealth production
>> should always come first.
>
>I suppose you were typing r-e-a-l s-l-o-w when you were shouting up there?
>
>I've recently read Paul Krugman's Pop Internationalism and John Kay's The
>Truth About Markets. Concurrently: one book's in the loft, the other by the
>sofa in the living room. It was a little confusing - they both appear to
>say the same thing. What Krugman calls "pop internationalism", Kay calls
>"DIY economics."
>
>Try them. I think Krugman's book also has a bunch of references to opposing
>POVs.

Sorry, I use caps  to emphasize these points because so many members
of the "I've Got Mine Club" seem to think that they don't matter.  I
believe many Americans will experience a great deal of economic pain
when the adjustment process finally takes hold.

Thanks, I'll check out Krugman's books the next time I'm at the book
store.

Fred Ziffel