the cosmo corporate elite
play on this spherical game board
with pieces
that have largely
self made "moving rules "
meaning ??
the last 30 years
" workers in low income countries appear to be substitutes for U.S. workers in several highly visible industries, including computers, electronics, and transportation.
following up with this trend
"... over the past two decades imports from low-wage countries have more than doubled
......different incentives for foreign investment lead to different organizational structures, which should produce different degrees of substitution between employment at home and abroad. Horizontal multinationals (H-FDI), defined as firms that produce the same products in different locations, are primarily motivated to locate abroad by trade costs. For H-FDI, investment abroad substitutes for parent exports, and foreign-affiliate employment should substitute for home employment. Vertically integrated enterprises (V-FDI) are motivated to locate different components of production in different locations by factor price differences. For V-FDI, sourcing different stages of production elsewhere can be complementary to employment growth at home."
btw
there you have a specimen of the perfect analytic result
utter ambiguity as to aggragate impact
but lets hustle ast that debating point....
to a forecast:
i suspect we will see
--- after the yellow track here in the low wage product
catchers mitt couintries--
a signifigant reversal of structural flows
to follow the change in MNC target output markets
and platform locations
faster internal sector expansion down under
out of existing and augmented MNC "holdings"
plus
a slow re industrialization "at the extensive margin "
here in the economic north
