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Thread: Shanghai starts one-year countdown to the largest expo ever

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[quote=BOBERT,367016]Marrie, to compare Hong Kong to Switzerland is unrealistic. It is unrealistic to isolate regions, cities or suburbs when judging national wealth. It is also unreasonable to assume that simply because Hong Kong is a wealthy region then that wealth should be evenly distributed. Of course it is not and never will be. The rich will always fight to protect their wealth and devise new schemes to do so.

Globalisation is not that different to what many countries already do internally. China for instance entices low paid rural workers to factories established in special zones using capital supplied by the wealthy or the state. Not so vastly different to globalisation. When the low paid workers standard of living rises and they demand more money then the factory owners will also go offshore to source cheaper labor. It's inevitable.

I agree with you that there is a tectonic shift occuring in the current world distribution of wealth and consequently it's power base. The global finacial crisis is accelerating the process. The standard of living in the contemporary rich, but debtor nations must drop and in all probabality the nations with savings but a lower standard of living will rise. China stands to be the greatest beneficiary of ths process.

I live in Australia and our economy is tied in general to Asias and particular to Chinas so I welcome the shift.[/quote]

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