Since we don't know the chinese economic model well, it would...

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Since we don't know the chinese economic model well, it would be nice to tell us about it. all I know from China is this:
a- They have puposely devaluate their currency which benefit them a great deal; a devalued currency makes import from EU, USA and the third worl nations very expensive.

so chinese people will not export from them! and if they do they copy excatly what is imported w/o regard for patents, or intellecctual properties.That is piratery to the highest level! I mean It costs too much to import from other country, and it costs way less to export.

Despite of international demand to make their currency stronger, the chinese givernment has no interest of doing so. That is one of the reason the trade deficit between china and US particularly is so huge and keeps growing larger.

b- Cheap labor- That alone attracts capitalist investors looking for maximum profit! Ironocally that is a new way for the capitalist nations to exploit the chinese people.

China is a communist country.Ironically, the communists who fought to stop the exploitation of the masses by the capitalists, accept these capitalists to exploit their citizens with no mercy.

We can say that china has a communist system of government with a capitalist economy! They succesfully integrate the capitalist approach in their communist lives and it works!
c-Environment laws are less stringent in China.

The big companies, the polluters left Europe and the US for China! Longtime ago, when I first arrived here in the US, you can go almost every where and get a factory job. Now they all moved to China!
d-Chinese products cost less to buy, but they do not have good quality.

c-They do business with every body, any nation.

They do not isolate themselves from the rest of the world.

Now, which one of these elements should we integrate in our economy: cheap labor, communism, piratery, devalued currency, international cooperation, environmental concerns?

Flo, or other bloggers, tell us more about the chinese economic model and see how it works and how it could work in a third world country.Take a moment to read this article regarding the chinese economy.

Go here 64.233.169.104/search?q=cache:d0Y81uoc...
Today, the chinese Government is talking about a new economic model for their country which one should we considert?

what is wrong with the old model?

Here is another article regarding the chinese economic model (s):project-syndicate.org/commentary/s...
Please, respond!

Ti Malice, October 17 2007, 3:58 AM

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