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the deep credit edge

risk is less risky

if you got credit 

to carry you thru 

hence the victory of the trans nat 

dreadnaughts  in cross border north south 

trading 

and producing 

====================================




  the wild wils naked  south becomes a prefered 

environment when the little guys can't compete 

with ya 

the mild north is left to its more diverse firm size soup 

the south has only its comparative  handful

of players .....

combine this monopsony with huge virgin stocks of potential jobbery

and you have  a superior private profit opportunity

lethally

    combined  with a net global welfare

                              destruction  effect   

----------------------------------------------

since trans nats unlike local firms

prefer re export of their products 

so long as the local currency can be kept 

cheap in low income consumables 

then the conversion of toilers into wage laborers 

can gallop  ahead 

recall that the penn effect

 is seen also 

in the wage rate 

of  unskilled laborers  

the ultimate non trade good 

falls faster in price then tradeable commodities 

as you head into low income country 

migration of laborers 

 faces the grewatest border effect

 of all commodities 

Posted by lady eve at July 15, 2006 07:08 PM

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