Eroding Western living standards - Asia Times Online

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Eroding Western living standards (http://news.google.com.au/news/url'sa=T&ct=au/7-0&fd=R&url=http://www.atimes.com/atimes/Global_Economy/JA09Dj02.html&cid=0&ei=BICDR_bPF4zCqwOE28G5Dg)
Asia Times Online, Hong Kong - 3 hours ago
By Martin Hutchinson Tata Motors’ emergence as front-runner to buy Jaguar and Land Rover from the ailing Ford brings one question uppermost to a commentator ...



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[JDNSW]

Interesting article - but I suspect that the author is ignoring that the cost of labour in places like India is likely to rise much more quickly than he expects, probably as the exchange rate of Western countries drops relatively. This is what happened to Japan in the last sixty years. But still worth reading and thinking about.

John