Looks like the giant sucking sound generated by the twin economic black holes of India and China is going to continue for some time. As Ricardo predicts, there's no doubt that our own standard of living will be diminished to the standardized global subsistance level established by this region. But with increasing economic interdependence, it'll be difficult to ascertain which domino caused the rest to topple.
To: Willie Green
As Ricardo predicts, there's no doubt that our own standard of living will be diminished to the standardized global subsistance level established by this region Ricardo never predicted that. on the contrary, he made strong arguments for international free trade as a way of improving living standards due to the law of comparative advantage.
2 posted on
12/05/2003 11:02:05 AM PST by
gawd
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