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Thread: GE moving X-ray business to China

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Grant View Post
    Where did anyone claim China has the same standard of living? Canada can compete with China and does. No one here is complaining of trade with China, nor is Australia. In fact I don;t here it from anyone but Americans.
    Scaling wall over Canada's trade complaint against China - thestar.com

    http://www.mondaq.com/article.asp?articleid=123890

    China Free Trade A Joke Bullying Spurs Auto Parts Complaint - Joan Van Ark - Zimbio

    Canada threatens WTO complaint for China pork ban - Economic Times

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Grant View Post

    Of course I did and I responded. Did you not read what I wrote??

    Maybe you should read slower. Let me repost:

    Quote Originally Posted by Boo
    Compete? If we were speaking of innovation and invention, I would agree with you that we can. But we're not. We're talking about salary for that. To compete in that arena, we must take less, less pay, less benefits, less good living. I'm asking if we really want to compete in that way?

    Where did anyone claim China has the same standard of living? Canada can compete with China and does. No one here is complaining of trade with China, nor is Australia. In fact I don;t here it from anyone but Americans.
    Well, . . . we're competeing with China. Maybe you didn't know that. Canada has UHC. This is important.

    However, you're still missing the point. We don't want to compete with them concerning WAGES. They pay much less.
    Last edited by Boo Radley; 07-28-11 at 03:20 AM.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Thanks again Obama.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by donsutherland1 View Post
    IMO, that's a far too harsh perspective.
    Perhaps it is, I've become a bit jaded throughout my college career taking so many international relations courses at a pretty liberal university (;

    Follow me on Twitter @AmandaCourtney6 !! (:

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    Re: GE moving X-ray business to China

    Quote Originally Posted by AmandaCourtney View Post
    Perhaps it is, I've become a bit jaded throughout my college career taking so many international relations courses at a pretty liberal university (;
    Given time constraints, among many other factors, there are limits to what can be covered in college courses. The long-term trend has been toward a narrowing of content and specialization (benefits and drawbacks exist) to the extent that there is a genuine risk of oversimplification. One sees that not just at liberal institutions, but generally across higher education. IMO, the development of critical thinking skills, ability to find relevant information (important in business, if one goes that route), receptiveness to examining ideas objectively, and desire to keep learning can more than compensate for the narrowing/specialization trend.

    To be sure, there is little doubt that some firms have less than ideal motives when expanding into developing countries. Some firms do try to take "short cuts" to economic profits and widely-reported scandals (Enron, Countrywide Mortgage, etc.) bear this out. However, it is those firms that create long-term disadvantages in pursuing short cuts. They fail to develop a sustainable operation in their host country and their credibility erodes. In contrast, firms that demonstrate reliability, take into consideration the unique needs of their host countries and people, etc., build strong reputations. Strong reputations can be a source of sustainable competitive advantage in branding, capital access, and recruiting/retention, among other areas. It is not easy for rivals to imitate those reputations and it requires significant investment (financial/time) to cultivate such reputations. As a result, that source of differentiation can lead to higher economic profits.

    Liberalized trade does not have an equal impact on every country. Those that have bad factor conditions (lack of natural resources, lack of sufficiently skilled workers, etc.), suboptimal demand conditions, weak firm rivalry, and an absence of supporting industries can find such trade very disadvantageous. That's why many developing countries protect "infant industries" until those industries gain the ability to compete with international peers. At the same time, if a country is strong in at least one of those four areas, it can leverage trade to improve its relative competitive position. In short, just as with most other human activities, "one-size-fits-all" perspectives do not apply to trade. Instead, nuance, balance, proportion, probabilities, and trade-offs apply. In the longer-term trade can be mutually beneficial with net benefits, but some drawbacks will always exist.

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    Re: GE moving X-ray business to China

    1Perry, these disputes are going on all the time between trading nations and we've had similar disputes with the US , our greatest trading partner for several years.

    Trade agreements only give you a format in which to work that can settle disagreements more easily. It does eliminate them.

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    Re: GE moving X-ray business to China

    We're talking about salary for that. To compete in that arena, we must take less, less pay, less benefits, less good living. I'm asking if we really want to compete in that way?
    That's just goofy. TYou do not have to compete in that way.

    It's already been explained that other countries are competing quite well with China, and I named them, and no labor laws were changed. We deal from our strengths and they deal from theirs. Thats just the way trade works..
    However, you're still missing the point. We don't want to compete with them concerning WAGES. They pay much less.

    I'm going to say this just once more, ok? You do not have to compete with lower wages. But it is important that the population receives a proper education in which the real world is involved, and not the usual craziness that's been churning out liberal airheads for the past generation or more. It then takes another decade of wasted time to un-learn that stuff.

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    Re: GE moving X-ray business to China

    [QUOTE=Grant;1059692020]

    Of course I did and I responded. Did you not read what I wrote??



    Where did anyone claim China has the same standard of living? Canada can compete with China and does. No one here is complaining of trade with China, nor is Australia. In fact I don;t here it from anyone but Americans.
    I am 100% for free trade, including free trade with China. Unfortunately, however, China has engaged in long-term currency manipulation that enhances their existing wage advantage. The main advantage we have is in research and innovation. Unfortunately, China is incredibly lax when it comes to intellectual property rights enforcement. Under these circumstances I think that "free trade" is a bit of a misnomer.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    we're competeing (sic) with China
    pathetic

    http://www.nytimes.com/2010/10/15/bu...lA+SkXeja6AeDQ

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    Re: GE moving X-ray business to China

    [QUOTE=AdamT;1059692673]
    Quote Originally Posted by Grant View Post

    I am 100% for free trade, including free trade with China. Unfortunately, however, China has engaged in long-term currency manipulation that enhances their existing wage advantage. The main advantage we have is in research and innovation. Unfortunately, China is incredibly lax when it comes to intellectual property rights enforcement. Under these circumstances I think that "free trade" is a bit of a misnomer.
    And we continue to fight that, and we are doing so, But the trade should continue with push/pull benefits and responses.

    We are making progress in these areas and it is not as quick as some would like. But it is a process and we have to understand that.

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