The China Price

Trade with China -- Business, Economic and Social Change
2004 was the year of outsourcing as businesses moved more manufacturing offshore, and started on white collar jobs. China made the news not only for taking low wage, low skilled jobs, but more and more, for taking high wage, high skilled, technical jobs. More and more China is shaking up the global economy by competing with low wages in the highly skilled and technical sectors. This is good on one hand, in that businesses have found a new source of cheap labour to bring costs down, as well as a new market to sell just about everything. On the bad side however, is the short term turmoil in countries that are losing jobs to China and the trade imbalance China has with first world countries. BusinessWeek has a special report on the topic -- looking at both sides of the debate. It makes for a great read. For further reading on this and related topics, see the links below.
  • Overview of the Theory of Comparative Advantage
  • A Direct Test of the Theory of Comparative Advantage: The Case of Japan [PDF]
  • International Trade Theory [A Course]
  • Multinational Firms and the New Trade Theory [PDF]

    • Comments

    Post a Comment

    Popular posts from this blog

    Blogs of Note

    Who Would Jesus Hate? -- described as providing "anecdotal evidence of how religion is on the wrong side of every social issue." Fugetaboutit! -- hilarious site from a "48-year-old shrinking Italian comedian ." Take the tagline for instance: "I saw the face of Jesus in my lasagna ... briefly."
    Read more

    Civil disobedience is called for

    Image
    In an act of desperation, Tim DeCristopher chose civil disobedience to disrupt the bidding process that saw 149,000 acres of public land leased off to oil companies in Utah. The lease of the land to oil companies, to allow drilling, has been contested by many who wish to preserve the pristine land, located near Arches National Park, the White River, the greater Desolation Canyon region, Labyrinth Canyon, the benches east of Canyonlands National Park, Nine Mile Canyon, the Book Cliffs and the Deep Creek Mountains. It is one of the final sell-off by the dying Bush administration. DeCristopher showed at the auction, registered as a bidder, and started bidding -- and winning -- with no intention of purchasing or paying for the auctions he won. Way to go dude! You're a hero!
    Read more
    GT Ripple Want to say goodbye to that ole boring desktop? Try GT Ripple. It adds nice soothing movement to your desktop. Once you've downloaded and installed the app, you will need to images to ripple. Go here: Visual Paradox Deviant Art
    Read more