Re: [OPE] Roubini and the problems of our times

Date: Tue Jun 08 2010 - 09:07:05 EDT

> From:
> Subject: Re: Roubini and the problems of our times
> Date: Tue, 8 Jun 2010 14:59:15 +0200
> Well the fifth point about the model which I left out is of course that the
> "consumption binge" was based to a large extent on cheap imported consumer
> goods from newly industrializing countries (the unequal exchange issue) -
> anything from clothes to cars, computers, home appliances and whiteware,
> furniture, ornaments, toys, watches, crockery, cosmetics and other durables.
> A Dutchmade vacuum cleaner - of which parts can also be imported - costs
> double or three times an imported vaccuumcleaner. The f.o.b. export price of
> the imported one is however probably only half of its final sale price, if
> that. However, supply chain information is typically a closely guarded
> commercial secret, since the profit advantage derives from having a network
> of contacts who supply the stuff at prices making market competition
> possible.
> J.
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Received on Tue Jun 8 09:11:03 2010

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