View Poll Results: Is the agricultural industry of country A dead/dying?

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  • Yup, dead/dying

    1 16.67%
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    2 33.33%
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Thread: Hypothetical Economic Scenario

  1. #1
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    Hypothetical Economic Scenario

    Would you call the agricultural industry of hypothetical country A dead/dying when it was experiencing on average a growth of 6% in agricultural exports annually over a recent period of 10 years after meeting domestic demand?
    Last edited by obvious Child; 09-07-09 at 02:16 AM.
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    Re: Hypothetical Economic Scenario

    That's not enough information with which to make an informed judgment.

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    Re: Hypothetical Economic Scenario

    Is there growth or shrinkage in its share of GDP, a change in consumption, or amount of people employed by the secotor? Exports can be an indicator, but there are lot more

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    Re: Hypothetical Economic Scenario

    Quote Originally Posted by obvious Child View Post
    Would you call the agricultural industry of hypothetical country A dead/dying when it was experiencing on average a growth of 6% in agricultural exports annually over a recent period of 10 years after meeting domestic demand?
    A 6% growth in exports doesn't mean very much, if the domestic demand is shrinking. Furthermore, an industry could grow without being more profitable.
    Last edited by Kandahar; 09-07-09 at 02:58 AM.
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    Re: Hypothetical Economic Scenario

    It's it a bitch when you come up with an agenda driven poll and don't get the results (or any results for that matter) you expect because the questions are so lame?


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    Re: Hypothetical Economic Scenario

    Quote Originally Posted by Kandahar View Post
    A 6% growth in exports doesn't mean very much, if the domestic demand is shrinking. Furthermore, an industry could grow without being more profitable.
    While that is possible, why would you increase exports if you didn't make money?

    The veiled point of the thread is that American manufacturing export values are increasing on average 6% annually over the last ten years. Yet we have people saying that American manufacturing is dying. Apparently increasing value of manufactured exports = dying to these people.
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    Re: Hypothetical Economic Scenario

    But growing exports doesn't mean aggregate growth.
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    Re: Hypothetical Economic Scenario

    Quote Originally Posted by obvious Child View Post
    While that is possible, why would you increase exports if you didn't make money?
    To gain market share, or to try a pilot strategy, or to build relationships (and increase negotiating power) with overseas customers, or because you incorrectly think you'll make money, or because you lose less money overseas than you do at home. There are many possible reasons.

    Quote Originally Posted by obvious Child
    The veiled point of the thread is that American manufacturing export values are increasing on average 6% annually over the last ten years. Yet we have people saying that American manufacturing is dying. Apparently increasing value of manufactured exports = dying to these people.
    Again...if exports (not even profit from exports) are increasing by 6% annually while domestic demand is falling off a cliff, that doesn't mean very much.
    Last edited by Kandahar; 09-07-09 at 06:33 PM.
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    Re: Hypothetical Economic Scenario

    Quote Originally Posted by Kandahar View Post
    To gain market share, or to try a pilot strategy, or to build relationships (and increase negotiating power) with overseas customers, or because you incorrectly think you'll make money. There are many possible reasons.
    We are not Japan my friend. Loss selling isn't something we do on a long term basis.

    Again...if exports (not even profit from exports!) are increasing by 6% annually while domestic demand is falling off a cliff, that doesn't mean very much.
    Perhaps so, but that is not the case in America. I don't understand how people think manufacturing is dead in America yet dollar value of goods keeps rising. Furthermore, automation is clearly the cause of many of the job losses. Why bother to hire 50 people when you can use just 5?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Hypothetical Economic Scenario

    Quote Originally Posted by obvious Child View Post
    We are not Japan my friend. Loss selling isn't something we do on a long term basis.
    Some companies do. Amazon.com, for example, has never been profitable, yet it is extremely well-capitalized. Even among more "traditional" companies, many of them sell at a loss in certain areas and make up the difference elsewhere. Loss selling is not necessarily a bad thing if there is a good reason behind it, like the reasons I mentioned before.

    Quote Originally Posted by obvious Child
    Perhaps so, but that is not the case in America. I don't understand how people think manufacturing is dead in America yet dollar value of goods keeps rising. Furthermore, automation is clearly the cause of many of the job losses. Why bother to hire 50 people when you can use just 5?
    When the average person talks about industries dying, they're talking about employment drying up. So even if the industry is still technically profitable due to automation, most people will not seek employment in that sector.
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