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From: Trevor Perry Joe,From what I know, by spending money in India, the US is making more thanthey spend. This would mean that while some of the wealth shifts there, more of it comes back.
This is absolutely untrue! You've said this in various forms various ways, and provided absolutely no facts to support your propositions. Instead, here are REAL hard facts: temporary workers in ANY host country send much of their money home, thereby draining the host economy of money that would otherwise circulate. So by definition "guest workers" of any type hurt an economy. Second, please show me any correlation between money sent to any offshore consultancy firm and money returned to the US economy. In fact, quit with the empty rhetoric and provide a single verifiable fact.
And, even if this is not 100% true, the part about "destroying the standard of living of Americans" can not be blamed on globalization. The argument about the divide between rich and poor might be a more relevant debate - and yes, this applies all over the world.
It's not simply rich and poor, Trevor. I have no problem with ALL the industrial nations (including India and China) putting some money aside for building basic infrastructures in countries like Liberia. I am talking about industrialized nations which cannot support their own populace and yet continue to grow. If a country is industrialized and has a low standard of living but refuses to control its population growth, then it isn't being a good global neighbor and thus in my view loses all claim to any benefits of globalization. Joe
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