"Vernon North" <verno@oyama.bc.ca> wrote in message 
news:MPG.1c0fb7523bdcb86e989af6@shawnews.vc.shawcable.net...
> In article <8g3cq0tpbp3sfi3iackt4pophbmhpa6ua7@4ax.com>, russj41
> @concentric.net says...

> That WAS the plan, but it's not happening.
>
> A recent documentary on trade with China tracked shipments in and out of
> China through Long Beach harbour as an example.  Over $33B from China in
> 2003, but only $3B back to China, most of it raw materials.  It's not
> working out as planned.

> In the meantime, the manufacturing capacity of the US economy is being
> dramatically hollowed out.  As one who has studied economics and
> business, I used to take it on faith that "international trade benefits
> all participants", but I'm not sure that is true without limits.  At
> what point will the US have contracted out enough jobs that only those
> in knowledge and service industries have work?  I think we're seeing
> some of that now, assisted by government policies that incent businesses
> to pack up their machinery and move it off shore.
>
> Verno

How about copyright / intellectual property / franchise (whatever) returns 
to the company's base country?

CocaCola, McDonalds, Disney, HKSB etc obviously make money (but not 
necessarily making profits) in foreign markets.

These returned monies must also be paid their company taxes in the company's 
base country.

Are those (massive ?) taxes then distributed evenly in govt. programmes to 
help out / re-educate / re-train / alleviate (supposed) hardships / etc. in 
the communities most directly affected by the (obvious/visible) trade 
imbalances with other trading nations?


Sryn
sryn@yahoo.DELETETHIS.com

P.S. I'm obviously not an economist...