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It seems that China has a comparative advantage over India in textiles; the importing of Chinese textiles will redirect Indian labor toward more efficient tasks which Indians can perform at a comparative advantage over others. It will result in growth in the standards of living of Indians, Chinese, and everyone else. See Dr. Belew’s blog at ZhongHuaRising
1 posted on 06/11/2006 12:11:58 PM PDT by G. Stolyarov II
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To: G. Stolyarov II

For now India (is among the very few countries that) has trade surplus against China but that might change very soon.


2 posted on 06/12/2006 2:38:03 AM PDT by Gengis Khan
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