Comments on: Why emerging market countries have an edge Sun, 28 Jul 2013 14:34:09 +0000 hourly 1 By: pedometer uk Sun, 14 Nov 2010 09:28:33 +0000 TY for the helpful info! I would never have gotten this by myself!

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By: bkhjon Mon, 08 Nov 2010 14:30:32 +0000 Let’s not forget some of the emerging markets have recorded
Unprecedented economic growth rate. I don’t see nations in Africa and Latin America as well in EU and America have the same. For certain, they know something we don’t.

By: paintcan Mon, 01 Nov 2010 16:16:27 +0000 The writer leaves out the biggest reason for the EM edge. They have bottomless pools of cheap labor.

It is not possible to do much of anything cheaply in the developed economies. You can afford too make mistakes in the developed economies or you will be sued by your former consumers.

The developed world also has so many vested interests in terms of land use restrictions and facilities design and safety, that anything that requires physical development becomes very expensive before it is even begun. The developing world is only now starting to deal with those issues.

Rather than boost products that are shoddy mistakes brought too quickly to the market to try to keep the developed economies in the lead (seems like that will be it’s doom actually – the cheaper labor countries will be able to do that better and still win in the market and shoddy mistakes can be costly to recall) it would be a better policy for the developed world to try to lower the cost of living of its labor pools. It could take generations for the labor costs of the emerging countries to reach the developed markets levels.

But that will work against those interests that are afraid of deflation. Maybe we just spend too much for the house, the cars, the educations, health care and the basics now. The Chinese don’t want rampant real estate speculation and this country can’t seem to live without it.

What on earth do you expect US and European politicians to learn from India, Singapore, Indonesia, China or Latin America?

BTW – why did anyone pay $250 million for what sounds like little more than computer based “Want advertiser”. Those classified add type papers are usually given away free at the grocery store? Facebook type products aren’t the kind of thing I would pay for if they weren’t sponsored by their advertisers.

By: saucymugwump Sun, 31 Oct 2010 15:46:17 +0000 It is amazing how many times Freeland can write virtually the same column, yet never hint at the truth.

Emerging market countries have an edge because they work for 1/5 or less than what a Western worker will earn. The Western worker cannot compete because his cost of living is five times higher.

Fronts for outsourcers like Americans for Tax Reform constantly try to tell us that outsourcing will create jobs in the USA, yet the number of available jobs here never seems to rise.

Freeland wrote: “By the time your flawless product is released, it will likely be obsolete”

And because the USA has no privacy protection laws, identity theft has become one of the few growth industries because newbies like Mark Zuckerberg of Facebook have no clue what privacy implies.

Freeland wrote: “The effectiveness of China’s government . . . is often understood as evidence of the greater agility and decisiveness of authoritarian states”

Being an authoritarian state is only part of the story, otherwise Russia would be a true world power instead of a minor bully. China is the world’s first capitalist country; the USA has always only been a home for individual capitalists. China’s industrial espionage is world-class and all Chinese companies demand foreign entities to hand over trade secrets. And China’s treatment of its workers is no different than how robber barons in the 1800s treated their workers.

By: fromthecenter Sat, 30 Oct 2010 03:00:05 +0000 Once again this writer fails to grasp the simplest of answers. Growth markets/countries are growing because the west have found a whole new group of people to exploit. Their governments eager to fill their coffers gladly avoid worrying about regulation, safety or their own environments. I suppose you would like to turn us back to the 1800s and turn the country back over to the rubber barons? Your clueless.

By: jo5319 Fri, 29 Oct 2010 20:37:31 +0000 Chrystia:
You tend to write about analyses that I had previously thought of as pretty obvious, but nobody seems to see it nor talk about.

Thanks. Americans need to see the obvious more readily, and factor them into their opinions before they open their big mouth, or, ludicrous mouths for some.

AKA: Too many people, particularly in this pre-election period, yell and scream condescendingly, but their claims contradict the obvious. Yet, they don’t get it, as if smearing will score by making the public feel that they have no responsibility. In fact, it will enhance the negative consequences down the lin, and further the fault of those who are failing in their responsibilities.