Posted on 11/06/2004 2:45:55 PM PST by Willie Green
For education and discussion only. Not for commercial use.
A battle royale has just been initiated in the rarefied world of economic theory, although the rumblings have not yet reached these shores. The first salvo has been fired by no less a person than Paul Samuelson, and the targets he has chosen include some of his most prominent acolytes and disciples.
The MIT professor, winner of the Nobel Prize in 1970 and research mentor of countless economists, who later became major scholars in their own right, has re-assessed his entire stand on globalisation and the benefits that accrue from the process. In doing so, Samuelson has been scathing in his critique of some of his students, including Jagdish Bhagwati, once a member of his innermost circle.
In an article in the Journal of Economic Perspectives, Samuelson has postulated that free trade, far from being an unqualified blessing, may prove to be a major drawback under certain circumstances. The major cult figures who are sought to be chastised by the guru on this issue are Gregory Mankiw, Bhagwati and countless other `globalists'. The first two have been mentioned by name in the article's opening paragraphs as purveyors of `polemical untruth'. In the corridors of theoretical economics, you cannot get more direct than this.
The thrust of Samuelson's analysis is that a country like China, basically a low-wage economy, will create a net negative impact on the American people, when it manages a substantial rise in productivity in an industry in which the United States was earlier a leader. Initially, American consumers may benefit from low-priced goods in their supermarket chains, but their gains may be more than neutralised by large losses sustained by American workers who lose their jobs. This thesis, from the erstwhile mastermind of the neoclassical school of economic thought, has led to tumult in the profession even before its official publication.
Among Samuelson's fellow liberals, this revisionism has been a welcome development and could not have come a day sooner. Many American commentators are saying this is a clarion call for the US to launch serious programmes for supporting workers displaced by globalisation. American workers need a much stronger and a viable safety net, on the lines of their European counterparts or even those in Canada, the immediate northern neighbour. Some American economists are even saying empirical research on the subject in the past was skewed, because of the in-built biases of the free-trade proponents.
Claims of substantial gains from free-trade were based on `extraordinarily poor studies', according to one commentator, Jeff Madrick, who goes on to add there is now hope for a more balanced perspective in future research in international trade theory. Policymakers in Washington are now being urged to move away from their high perches and to take a hard look at ground realities. When one of the most respected contemporary economists has stepped out of the shadows and said things are not as simple as they were earlier made out to be, it is a development that cannot be ignored. Another observer, Pat Choate, feels this paper is the correction of `an embarrassing mistake'.
Samuelson, at the age of 89, is signalling to his disciples that they should think about the real world rather than `postulate assumptions and develop elegant models which ultimately are irrelevant'. More critical economists, like Paul Roberts, feel the maestro's attempt to patch a leaking vessel that is ultimately doomed will just not work. Roberts suggests the paper responds to an insightful critique by Ralph Gomory and William Baumol, another economist familiar to all Indian students of economics.
In their publication, Global Trade and Conflicting National Interests, Gomory and Baumol launched a powerful attack on orthodox international trade theory. They showed free trade is characterised by conflicting interests and not by mutual benefit, as neoclassical economists assume. Roberts, in fact, lambasts Samuelson for not taking on the issue of outsourcing in any depth.
While the friendly fire in this debate is clearly sympathetic to the overall theme, the globalists are clearly worried. The damage-control effort of this brigade is led by none other than Jagdish Bhagwati, the former Samuelson disciple, singled out in the paper for reprobation. The Columbia don has reportedly prepared a response to Samuelson, which will be published in the same journal.
Bhagwati, of course, got a lot of media attention recently when he described John Kerry's trade policies as `voodoo economics'. He has been one of the most committed globalists for many years and was a defender in the 1980s for the Japanese trade lobby, which he exonerated from charges of protectionism, while reserving his blame for `bullying' American policy-makers. He dismissed the argument that non-tariff barriers significantly reduced Japan's appetite for imports from America. There is now sufficient evidence (and semi-official admission) that Japan was a major protectionist country throughout its period of growth in the 1960s and much later on.
Most of us who have worked in this country's corporate sector and interacted with Japanese companies will vouchsafe for the enormous clout of these organisations and the seamless interlinking between the much-vaunted MITI and Japan's private business. In any case, Japan's continuing trade surpluses are likely, once again, to become a controversial issue in Washington very soon.Bhagwati will have his work cut out, as he takes on his former guru in a no-holds-barred fight to defend orthodox economics.
In these shores, North Block and Raisina Hill would do well to ask their think-tanks to introspect on the complex subject. Else, they can be taken to task for swallowing the globalisation mantra a tad too uncritically.
The writer is a financial-corporate analyst and a member of the Delhi Stock Exchange.
That's just it, it doesn't help keep final assembly jobs here at all. It's just a very slow, tedious process to build up the offshore infrastructure to the point where it can support the full production volume of final assembly. The supply chain cannot be interrupted. Period. So the strategy is ALWAYS to develop the alternative supply first, before shutting down the older facility. As the offshore supply infrastructure becomes more mature, we'll begin to see more of the assembly plants move offshore as well. Simply put, it'll be more efficient for the assembly plants to be closer to their suppliers, less transportation costs. Then all they'll do is ship finished cars.
Don't expect this to happen overnight. It happens slowly, over a period of years. If I had to take a wild guess, I would estimate that final automotive assembly in the U.S. will be half what it is now in about 10 years. Maybe 15, my wild guess could be off. But that IS the forseeable trend under present government policies.
But the containers remain on the docks at Long Beach. We have PRChina containers up the ying-yang.
That's OK. Pretty soon Wally World will be selling them as "housing" for ex-manufacturing employees.
Good. We'll take YOUR word for it.
I'm sure that Foggy Bottom agrees with you 100%, making your opinion even MORE worthwhile.
In case you haven't noticed, PRChina retains a military option, but is working on simply eviscerating the US economically, which will strip us of military prowess.
They realize that 1) they have time; and 2) there's more than one way to skin a cat.
we have shown that we will act to protect auto manufacturing in this country - so its hard to predict I think, I don't know that we would ever let it get that bad. but who knows, of course its logical that auto manufacturing shouldn't be taking place in the US anymore, I can't argue with that.
Perhaps, but subsequent Nobels have been awared to those sharing Freidman's economics, not Samuelson's.
I'm not sure who you're talking about, VW or Daimler-Chrysler.
And neither one of them is truly "German" or "American' anymore.
They're ALL global.
The other 3 members of the global automotive cartel are, of course, GM, Ford and Toyota. Virtually any other auto nameplate that you can think of has incestuous investment ties (partnerships, joint ventures, stock ownership) to one of these five behemoths. It is incorrect to think of them as national companies. They all play one nation off against another, extorting concessionary demands.
VW has the most significant problems. Their platforms are OLD and there are a lot of complaints about things which break, expensively.
Benz and Bimmer do just fine, although Bimmer's about to technologize itself out of the market--the cars have too many toys for real people. You cannot turn the dial on their radio while driving. It's too risky.
Benz' resale values have suddenly been dropping like rocks on their lower-end cars. That's not good, but it's not as bad as the Mitsubishi problems.
HERE's the list of outsourcers. Note all the "high-tech" stuff on the list, by the way...
3Com
3M
A. Schulman, Inc.
Aalfs Manufacturing
Aavid Thermal Technologies
Abbott Laboratories
ABC-NACO
Accenture
Access Electronics
Accuride Corporation
Accuride International
Acme Packaging
Adaptec
ADC
Admanco
Adobe Air
Adobe Systems
Admanco
Advanced Energy Industries
Aei Acquisitions
Aetna
Affiliated Computer Services
AFS Technologies
A.G. Edwards
Agere Systems
Agilent Technologies
A.H. Schreiber Co.
AIG
Air Products & ChemicalsÊ
Alamo Rent A Car
Albany International Corp.
Albertson's
Alcoa
Alcoa Fujikura
Allen-Edmonds Shoe Corporation
Allen Systems Group
Allflex USA
Alliance Fiber Optic Products, Inc.
Alliance Semiconductor
Allstate
Alpha Thought Global
Altek
Altria Group
Amazon.com
Ames True Temper
AMD
Americ Disc
American Dawn
American Express
American Fashion
American Greetings
American Household
American Management Systems
American Standard
American Tool
American Uniform Company
Applied Micro Circuits Corp.
Amerigon Incorporated
AMETEK
AMI DODUCO
Amloid Corporation
Amphenol Corporation
Analog Devices
Anchor Glass Container
Anchor Hocking
ANDA Networks
Anderson Electrical Products
Andrew Corporation
Angelica Corporation
Anheuser-Busch
Ansell Health Care
Ansell Protective Products
Anvil Knitwear
AOL
A.O. Smith
Apex Systems
Apparel Ventures, Inc.
Apple
Applied Materials
Applied Micro Circuits Corp.
Arimon Technologies, Inc.
Arkansas General Industries
Ark-Les Corporation
Arlee Home Fashions
Artex International
Art Leather Manufacturing
ArvinMeritor
Asbury Carbons
Asco Power Technologies
Ashland
AstenJohnson
Asyst Technologies
AT&T
AT&T Wireless
Atchison Products, Inc.
A.T. Cross
A.T. Kearney
ATMI-Ecosys Corporation
Augusta Sportswear
Aurafin-OroAmerica
Authentic Fitness Corporation
Automatic Data Processing
Avanade
Avanex
Avaya
Avery Dennison
Axiohm Transaction Solutions
AXT, Inc.
Azima Healthcare Services
B.A.G. Corporation
Bakka
Ball Corporation
Bank of America
Bank of New York
Bank One
Bard Access Systems
Barnes Group
Barth & Dreyfuss of California
Bassett Furniture
Bassler Electric Company
Bausch & Lomb
BBi Enterprises L.P.
Beacon Blankets
BearingPoint
Bear Stearns
BEA Systems
Bechtel
Becton Dickinson
BellSouth
Bemis Manufacturing Co.
Bentley Systems
Berdon LLP
Berne Apparel
Bernhardt Furniture
Besler Electric Company
Best Buy
Bestt Liebco Corporation
Beverly Enterprises
Bijur Lubricating Corp.
Birdair, Inc.
BISSELL
Black & Decker
Black Diamond Equipment
Blauer Manufacturing
Blue Cast Denim
Blyth, Inc.
BMC Software
Bobs Candies
Boeing
Borden Chemical
Bose Corporation
Bourns
Bowater
Braden Manufacturing
Brady Corporation
Briggs Industries
Brinker International
Bristol-Myers Squibb
Bristol Tank & Welding Co.
Brocade
Brooks Automation
Brown Wooten Mills Inc.
Buck Forkardt, Inc.
Bumble Bee
Burle Industries
Burlington House Home Fashions
Burlington Northern and Santa Fe Railway
C&D Technologies
Cadence Design Systems
Cains Pickles
California Cedar Products Company
Camfil Farr
Candle Corporation
Capital Mercury Apparel
Capital One
Cardinal Brands
Cardinal Industries
Carrier
Carris Financial Corp.
Carter's
Caterpillar
C-COR.net
Cellpoint Systems
Cendant
Centis, Inc.
Centurion Wireless Technologies
Cerner Corporation
Charles Schwab
The Cherry Corporation
ChevronTexaco
CIBER
Ciena
Cigna
Circuit City
Cirrus Logic
Cisco Systems
Citigroup
Clear Pine Mouldings
Clorox
CNA
Coastcast Corp.
Coca-Cola
Cognizant Technology Solutions
Coherent, Inc.
Collins & Aikman
Collis, Inc.
Columbia House
Columbia Showcase & Cabinet Company
Columbus McKinnon
Comcast Holdings
Comdial Corporation
CompuServe
Computer Associates
Computer Horizons
Computer Sciences Corporation
Concise Fabricators
Conectl Corporation
Conseco
Consolidated Metro
Consolidated Ventura
Continental Airlines
Convergys
Cooper-Atkins Corporation
Cooper Crouse-Hinds
Cooper Industries
Cooper Power Systems
Cooper Tire & Rubber
Cooper Tools
Cooper Wiring Devices
Copperweld
Cordis Corporation
Corning
Corning Cable Systems
Corning Frequency Control
Countrywide Financial
COVAD Communications
Covansys
Cray, Inc.
Creo Americas
Crompton Corporation
Cross Creek Apparel
Crouzet Corporation
Crown Holdings
CSX
Cummins
Curtis Instruments
Cutler-Hammer
Cypress Semiconductor
Dana Corporation
Daniel Woodhead
Dan Post Boot Company
Dan River
Data-Ray Corporation
Datex-Ohmeda
Davis Wire Corp.
Daws Manufacturing
Dayton Superior
Dearborn Brass
DeCrane Aircraft
Delco Remy
Dell Computer
Del Monte Foods
DeLong Sportswear
Delphi
Delta Air Lines
Delta Apparel
Direct TV
Discover
DJ Orthopedics
Document Sciences Corporation
Dometic Corp.
Donaldson Company
Dorr-Oliver Eimco USA, Inc.
Douglas Furniture of California
Dow Chemical
Dresser
Dun & Bradstreet
DuPont
DuPont Beaumont Works
Earthlink
Eastman Kodak
Eaton Corporation
Edco, Inc.
Editorial America
Edscha
eFunds
e-Gain Communications Corp.
Egs Electrical Group
Ehlert Tool Company
Elbeco Inc.
Electroglas
Electronic Data Systems
Electronics for Imaging
Electro Technology
Eli Lilly
Elkins Hardwood Dimension
Elmer's Products
E-Loan
EMC
Emerson Electric
Emerson Power Transmission
Emglo Products
Endwave Corporation
Engel Machinery
En Pointe Technologies
Equifax
Ernst & Young
Essilor of America
Ethan Allen
Ethicon
Evenflo
Evergreen Wholesale Florist
Evolving Systems
Evy of California
Exabyte Corporation
Exfo Gnubi Products Group
Expedia
Extrasport
ExxonMobil
Fairfield Manufacturing
Fair Isaac
Fansteel Inc.
Farley's & Sathers Candy Co.
Fasco Industries
Fawn Industries
Fayette Cotton Mill
FCI USA
Fedders Corporation
Federal Mogul
Federated Department Stores
Fellowes
Fender Musical Instruments
Fidelity Investments
Financial Techologies International
Findlay Industries Finotex
First American Title Insurance
First Data
First Index
Fisher Controls
Fisher Hamilton
Fisher-Rosemount Systems
Flowserve
Fluidmaster
Fluor
FMC Corporation
Fontaine International
Ford Motor
Foster Wheeler
Franklin Mint
Franklin Templeton
Freeborders
Friedrich Air Conditioning Co.
Frito Lay
Friwo-Emc
Fruit of the Loom
Garan Manufacturing
Gateway
GE Capital
GE Medical Systems
G.E. Packaged Power
Gemtron Corporation
General Binding Corporation
General Cable Corp.
General Electric
General Mills
General Motors
Generation 2 Worldwide
Genesco
Georgia-Pacific
Gerber Childrenswear
Gillette
Glacier West Sportswear
Global Power Equipment Grp.
GlobespanVirata
Golden Northwest Aluminum
Goldman Sachs
Gold Toe Brands
Goodrich
Goodyear Tire & Rubber
Google
Goss Graphic Systems
Graphic Controls
Graphite Design International
Green Bay Packaging
Greenpoint Mortgage
Greenwood Mills
Grote Industries
Grove U.S. LLC
Guardian Life Insurance
Guilford Mills
Gulfstream Aerospace Corp
Haggar
Halliburton
Hamilton Beach/Procter-Silex
Hamilton Sundstrand
Harman International Industries
Harper-Wyman Company
The Hartford Financial Services Group
Hasbro Manufacturing Services
Hawk Corporation
Hawker Power Systems, Inc.
Haworth
Headstrong
HealthAxis
Hedstrom
Hein-Werner Corp.
Helen of Troy
Helsapenn Inc.
Hershey
Hewitt Associates
Hewlett-Packard
Hoffman Enclosures, Inc.
Hoffman/New Yorker
The Holmes Group
Home Depot
The HON Company
Honeywell
Hooker Furniture Corporation
HSN
Hubbell Inc.
Hudson Rci
Humana
Hunter Sadler
Hutchinson Sealing Systems, Inc
HyperTech Solutions
IBM
iGate Corporation
Illinois Tool Works
IMI Cornelius
Imi Norgren
Imperial Home Decor Group
Inamed Corporation
Indiana Knitwear Corp.
IndyMac Bancorp
Inflation Systems
Infogain
Ingersoll-Rand
Innodata Isogen
Innova Solutions
Insilco Technologies
Intalco Aluminum Corp.
Intel
InterMetro Industries
International Garment Processors
International Paper
International Steel Wool Corp.
Interroll Corporation
Intesys Technologies
Intuit
Invacare
Iris Graphics, Inc.
Isola Laminate Systems
Iteris Holdings, Inc.
Itronix Corporation
ITT Educational Services
ITT Industries
Jabil Circuit
Jacobs Engineering
Jacuzzi
Jakel, Inc.
JanSport
Jantzen Inc.
JDS Uniphase
Jockey International
John Crane
John Deere
Johns Manville
Johnson & Johnson
Johnson Controls
JPMorgan Chase
J.R. Simplot
Juniper Networks
Justin Brands
K2 Inc.
K&S Interconnect
KANA Software
Kaiser Permanente
Kanbay
Kayby Mills of North Carolina
Keane
Kellogg
Kellwood
Kelly-Springfield Tire Co.
KEMET
KEMET Electronics
Kendall Healthcare
Kendro Laboratory Products
Kenexa
Kentucky Apparel
Kerr-McGee Chemical
KeyCorp
Key Industries
Key Safety Systems
Key Tronic Corp.
Kimberly-Clark
KLA-Tencor
Knight Textile Corp.
Kojo Worldwide Corporation
Kraft Foods
Kulicke and Soffa Industries
Kwikset
LaCrosse Footwear
L.A. Darling Company
Lake Village Industries
Lamb Technicon
Lancer Partnership
Lander Company
Lands' End
Lau Industries
Lawson Software
Layne Christensen
La-Z-Boy
Leach International
Lear Corporation
Leech Tool & Die Works
Legendary Holdings, Inc.
Lehman Brothers
Leoni Wiring Systems
Levi Strauss
Leviton Manufacturing Co.
Lexmark International
Lexstar Technologies
Liebert Corporation
Lifescan
Lillian Vernon
Linksys
Linq Industrial Fabrics, Inc.
Lionbridge Technologies
Lionel
Littelfuse
LiveBridge
LNP Engineering Plastics
Lockheed Martin
Longaberger
LOUD Technologies
Louisiana-Pacific Corporation
Louisville Ladder Group LLC
Lowe's
Lucent
Ludlow Building Products
Lund International
Lyall Alabama
Madill Corporation
Magma Design Automation
Magnequench
Magnetek
Maida Development Co.
Maidenform
Mallinckrodt, Inc.
The Manitowoc Company
Manugistics
Marathon Oil
Marge Carson, Inc.
Marine Accessories Corp.
Maritz
Marko Products, Inc.
Mars, Inc.
Marshall Fields
Master Lock
Masterwork Electronics
Materials Processing, Inc.
Mattell
Maxim Integrated Products
Maxi Switch
Maxtor Corporation
Maxxim Medical
Maytag
McDATA Corporation
McKinsey & Company
MeadWestvaco
Measurement Specialties, Inc.
Mediacopy
Medtronic
Mellon Bank
Mentor Graphics Corp.
Meridian Automotive Systems
Merit Abrasive Products
Merrill Corporation
Merrill Lynch
Metasolv
MetLife
Michigan Magnetics
Micro Motion, Inc.
Micron Technology
Microsoft
Midcom Inc.
Midwest Electric Products
Milacron
MKS Instruments
Modern Plastics Technics
Modine Manufacturing
Moen
Money's Foods Us Inc.
Monona Wire Corp.
Monsanto
Moog, Inc.
Morgan Stanley
Motion Control Industries
Motor Coach Industries International
Motorola
Mrs. Allison's Cookie Co.
MTD Southwest
MTI Technology Corporation
Mulox
Munro & Company
My Room, Inc.
Nabco
Nabisco
NACCO Industries
National City Corporation
National Electric Carbon Products
National Life
National Semiconductor
National Textiles
NCR Corporation
neoIT
NETGEAR
Network Associates
Newbold Corporation
Newell Porcelain Co.
Newell Rubbermaid
Newell Window Furnishings
New World Pasta
New York Life Insurance
Nice Ball Bearings
Nike
Noble Construction Equipment
Nordstrom
Northrop Grumman
Northwest Airlines
Nu Gro Technologies
Nu-kote International
NutraMax Products
Nypro Alabama
O'Bryan Brothers Inc.
Ocwen Financial
Office Depot
Ogden Manufacturing
Oglevee, Ltd
Ohio Art
Ohmite Manufacturing Co.
Old Forge Lamp & Shade
The Oligear Company
Olympic West Sportswear
Omniglow Corporation
O'Neal Steel Inc.
ON Semiconductor
Oplink Communications, Inc.
Oracle
Orbitz
OshKosh B'Gosh
O'Sullivan Industries
Otis Elevator
Outsource Partners International
Owens-Brigam Medical Co.
Owens Corning
Owens-Illinois, Inc.
Oxford Automotive
Oxford Industries
Pacific Precision Metals
Pak-Mor Manufacturing
Palco Labs
palmOne
Paper Converting Machine Co.
Parallax Power Components
Paramount Apparel
Parker Hannifin
Parks & Wolson Machine Co.
Parsons E&C
Pass & Seymour Legrand
Paxar Corporation
Pearson Digital Learning
Peavey Electronics Corporation
Pendleton Woolen Mills
PeopleSoft
PepsiCo
Pericom Semiconductor
PerkinElmer
PerkinElmer Life Sciences, Inc.
Perot Systems
Pfaltzgraff
Pfizer
Phillips-Van Heusen
Photronics
Pinnacle Frames
Pinnacle West Capital Corporation
Pioneer Companies
Pitney Bowes
Plaid Clothing Company
Planar Systems
Plexus
Pliant Corporation
PL Industries
Polaroid
Polymer Sealing Solutions
Portal Software
Portex, Inc.
Portola Packaging
Port Townsend Paper Corp.
Power-One Inc.
Pradco
Pratt & Whitney
priceline.com
Price Pfister
Pridecraft Enterprises
Primanex Corporation
Prime Tanning
Primus Telecom
Procter & Gamble
Progress Lighting
ProQuest
Providian Financial
Prudential Insurance
Q.C. Onics Ventures
Quadion Corporation
Quaker Oats
Quantegy
Quark
Quickie Manufacturing Corp.
Qwest Communications
Radio Flyer
Radio Shack
Rainbow Technologies
Rawlings Sporting Goods
Rayovac
Raytheon Aircraft
RBX Industries
RCG Information Technology
Red Kap
Regal-Beloit Corporation
Regal Rugs
Regal Ware, Inc.
Regence Group
Renfro Corp.
Respiratory Support Products
Rexnord Industries
R.G. Barry Corp.
Richardson Brothers Co.
Rich Products
River Holding Corp.
Robert Manufacturing
Robert Mitchell Co.
Rochester Button Co.
Rockshox
Rockwell Automations
Rockwell Collins
Rogers
Rohm & Haas
Ropak Northwest
Roper Industries, Inc.
Royce Hosiery
RR Donnelley & Sons
Rugged Sportswear
Russell Corporati
S1 Corporation
S & B Engineers and Constructors
Sabre
Safeway
SAIC
Sallie Mae
Samsonite
Samuel-Whittar, Inc.
SanDisk Corporation
Sanford
Sanmina-SCI
Sapient
Sara Lee
Saturn Electronics & Engineering
Sauer-Danfoss
SBC Communications
Scantibodies Laboratory
Schott Scientific Glass
Schumacher Electric
Scientific Atlanta
The Scott Fetzer Company
Seal Glove Manufacturing
Seco Manufacturing Co.
SEI Investments
SEMCO (Southeastern Metals
Manufacturing)
Sequa Corporation
Seton Company
Sheldahl Inc.
Shipping Systems, Inc.
S.H. Leggitt Co.
Shugart Corp.
Siebel Systems
Sierra Atlantic
Sights Denim Systems, Inc.
Signage, Inc.
Signal Transformer
Signet Armorlite, Inc.
Sikorsky
Silicon Graphics
Silvered Electronic Mica Company
Simmons Juvenile Products
Simonds International
Simula Automotive Safety
SITEL
Skyworks Solutions
SMC Networks
SML Labels
Snap-on, Inc.
SNC Manufacturing Company
SoftBrands
Sola Optical USA
Solectron
Solon Manufacturing Co.
Sonoco Products Co.
Southwire Company
Sovereign Bancorp
Specialized Bicycle Components
Spectrum Control
Spicer Driveshaft Manufacturing
Spirit Silkscreens
Springs Industries
Springs Window Fashions
Sprint
Sprint PCS
SPX Corporation
Square D
SRAM Corporation
Standard Textile Co.
Stanley Furniture
Stanley Works
Stant Manufacturing
Starkist Seafood
State Farm Insurance
State Street
Steelcase
StorageTek
Store Kraft Manufacturing
StrategicPoint Investment Advisors
Strattec Security Corp.
Strombecker Corp.
STS Apparel Corporation
Summitville Tiles
Sun Microsystems
Sunrise Medical
Suntron
SunTrust Banks
Superior Uniform Group
Supra Telecom
Sure Fit
SurePrep
The Sutherland Group
Swank, Inc.
Sweetheart Cup Co.
Swift Denim
Sykes Enterprises
Symbol Technologies
Synopsys
Synygy
Takata Retraint Systems
Target
Teccor Electronics
Techalloy Company, Inc.
Technotrim
Tecumseh
Tee Jays Manufacturing
Telcordia
Telect
Teleflex
TeleTech
Telex Communications
Tellabs
Tenneco Automotive
Teradyne
Texaco Exploration and Production
Texas Instruments
Textron
Thermal Industries
Therm-O-Disc, Inc.
Thermo Electron
Thomas & Betts
Thomas Saginaw Ball Screw Co.
Thomasville Furniture
Three G's Manufacturing Co.
Thrivent Financial for Lutherans
Tiffany Industries
Time Warner
The Timken Company
Tingley Rubber Corp.
TMD Friction
Tomlinson Industries
The Toro Company
Torque-Traction Mfg. Tech.
Tower Automotive
Toys "R" Us
Trailmobile Trailer
Trans-Apparel Group
TransPro, Inc.
Trans Union
Travelocity
Trek Bicycle Corporation
Trend Technologies
TriMas Corp.
Trinity Industries
Triquint Semiconductor
TriVision Partners
Tropical Sportswear
Trumark Industries
TRW Automotive
Tumbleweed Communications
Tupperware
Tyco Electronics
Tyco International
Tyler Refrigeration
UCAR Carbon Company
Underwriters Laboratories
UniFirst Corporation
Union Pacific Railroad
Unison Industries
Unisys
United Airlines
UnitedHealth Group Inc.
United Online
United Plastics Group
United States Ceramic Tile
United Technologies
Universal Lighting Technologies
USAA
Valence Technology
Valeo Climate Control
Valeo Switches & Detection Systems
VA Software
Vaughan Furniture Co.
Velvac
Veritas
Verizon
Vertiflex Products
Vestshell Vermont, Inc.
VF Corporation
Viasystems
Vilter Manufacturing Corp.
Virginia Industries
Virginia KMP Corporation
Vishay Intertechnology
Vishay Vitramon
Visteon
VITAL Sourcing
Wabash Alloys, L.L.C.
Wabash Technologies
Wachovia Bank
Walgreens
Walls Industries
Warnaco
Washington Group International
Washington Mutual
Waterbury Companies
Waterloo Industries
Weavexx
Webb Furniture Enterprises
WebEx
Weiser Lock
WellChoice
Wellman Thermal Systems
Werner Co.
West Corporation
West Point Stevens
Wetherill AssociatesÊÊÊ
Weyco Group
Weyerhaeuser
Whirlpool
White Rodgers
Williamson-Dickie Manufacturing Company
Winpak Films
Wolverine World Wide
Woodstock Wire Works
Woodstuff Manufacturing
WorldCom
World Kitchen
Worldtex
Wright Products
Wyeth
Wyman-Gordon Forgings
Xerox
Xpectra Incorporated
Xpitax
Yahoo!
Yarway Corporation
York International
Zenith
ZettaWorks Zimmerman Sign Company
218 - Bingo - "Once upon a time one man in a manufacturing job could support a family, buy a house, send a kid to college, go away on vacation... all on one paycheck. Those are the jobs free trade is destroying."
BMW for one. Mercedes top selling car lines are all made in Germany (the SUV is made in Alabama). VW/Audi has moved alot of plants to eastern europe. but you don't see alot of asian subassmbly content in the top German cars.
their big mistake was that they didn't build more plants in the US, where their sales are, to hedge against the euro.
219 - LOL - "We aren't outsourcing automobiles. More and more foreign companies build factories here every year. Similarly, I am not aware of a single foreign computer manufacturer with any sort of toehold in the US market. "
We hardly 'manufacture' anything here any more. What we do is 'assemble' foreign made parts.
Open up your computer, try to find a single american made part inside.
Check at the auto parts store, and try and find a part for your 'American' made car, that is made in the US.
PS The Chinese started exporting China made cars to the US last summer.
ROTFL.
229 - bttt - "You forget about the production base to MAKE these goods. Once the "green pieces of paper" lose their value, the factories are gone and skills are forgotten, how will you get the goods? What about the debt denominated in other currencies, what about the assets owned by the foreign corporations?
This is the Argentinian way back to the Third World."
They still don't get it.
230 - bttt - "Actually China does not need to do it, once China is number one (not per capita like Luxemburg is, but in total size measured by the PPP) and USA goes the way of Argentina, imperial troops of the present superpower will melt away like the Roman troops did in the past. "It's the economy, stupid ".
The freetraitors are just like Chamberlainesque Kerry and the weak demonRATS. they wish to take away our power and beg our enemies not to attack us.
Family, raising children is a waste. It is much cheaper to import new workers from abroad. College for the general population is a waste too. Vacation? The same.
The only thing we are missing is the euthanasia for the old and unproductive.
254- A. Pole - "Family, raising children is a waste. It is much cheaper to import new workers from abroad. "
Herman and Luis,
Why did you parents waste their time and money, when we could have imported illegal mexicans to do your jobs? Or, just import your work already completed? That way we don't need youall at all.
Luis, better stop sending dollars to Cuba, Castro just made them illegal/worthless, tonight at midnight.
Recently, VW has been trying to undercut their European workforce with imports out of South Africa. (30,000 Jobs on Line at Volkswagen). They also have a significant presence in Mexico and South America (I think Brazil). But I don't know to what extent they may import into Europe from there.
It is incorrect to view automotive globalization trends in terms of Europe vs. United State (or even Japan). Both Europe AND North America are being undermined by the shift to the Third World: Africa, South America and Southeast Asia. I doubt that even regions like Mexico or eastern Europe will benefit in the long run. They're "too expensive".
To be an economic superpower, China doesn't have to do any of those things. Their best course is to be peaceful and cooperate with us.
Of course they retain a military option, but it is no match for ours. They can barely match Taiwan. China has done more to help us economically than hurt, and we have done the same to help them. You may call it evisceration, but most know better.
VW makes the Jetta and the Beetle in Mexico. Mercedes makes some C class cars in Brazil.
Good grief, WG, don't forget China!
THAT economic black hole is gonna suck the Japanese and Koreans down the tubes first!
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