To: RLK
114-"Opening markets to people who aren't paid enough money to buy goods in quantity won't accomplish anything. Neither can we sell the same class of goods to people that they are already selling to us for 1/4 price."
Sorry, I disagree. I spent enough time in 3rd world countries to know that there are lots of people with lots of money in these countries, while the vast majority are poor, there are still many rich. And what we could export to them is so vastly over taxed, that only the super rich can afford them.
For example, Egypt has/had (I was there from 93-95) about a 600% tax on imported vehicles. So a Jeep Cheroke, which cost about $12,000 at the time in this country, cost around $112,000 in Egypt. The taxes are not based on vehicle cost. But other things, so a Mercedes (which cost about $25,000 at the time) also cost about $112,000. So, they bought Mercedes. There are lots of Mercedes in Cairo, in fact one of the heaviest concentrations in the world. And the average income is about $100/mo.
They did however, have Ford garbage trucks in Cairo, which they bought with US Aid money.
118 posted on
01/01/2004 4:00:47 PM PST by
XBob
To: XBob
Sorry, I disagree. I spent enough time in 3rd world countries to know that there are lots of people with lots of money in these countries
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A few oil shieks buying sports cars won't get you anywhere. To have a strong market it is necessary to have a population with approximately the same median income as we have had here.
149 posted on
01/01/2004 7:40:47 PM PST by
RLK
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