I've got perspective because I took that class just last week. If Walmart were a country it would be among the top 20 in the world (measured by GDP). So, let's not act like India and China are immaterial. Their workers affect the U.S. worker just as much as the workers Walmart employs, whom many of which work in labor camps in China, by the way.
I see you point-we're all connected, but I think you should see mine also. We should use that connection to bring some other countries workers working conditions and pay up, not allow ours to go down.
New K Now
Outsourcing and FDI is the future. But, there is much that can be done in terms of LCR's and VER's.
Again, the US will engage in FDI outflows/inflows with global north countries and that's relevant.
Up until very recently, Wal-Mart was convinced 100% of it's growth would be overseas. The downturn now gives Wal-Mart opportunity in the US. However, most of their growth will be overseas.
In the aviation industry, I don't think you're going to see too many FDI outflows to India or China. Certainly not enough to negate the benefits of business done there. Just look at the airframes and turbofans they're buying from western producers.
If you are studying international business, you will certainly come across this. Are you working on your MBA?
Yes you are correct that other nations are free to compete. Your two examples above are what I would consider a hybrid-globalization model and I "hate it" a little less .
The current lawmakers in control of the US Government wants to control all aspects of our lives and increase taxes everywhere to "spread the wealth around a little. Maybe they should use their influence to get more jobs here. Like I said I don't mind the "hybrid-model" as much if they provide good jobs here. In fact, Japanese CEO's and execs make a fraction of their American counter parts. That's where some US companies could learn a lesson.
Does anyone here for a minute think that a CEO making $15M+/yr could not be replaced by someone who could do nearly the same job for say $1.5M?
Good food for thought Al. You can have your Toyota though. Actually, I only buy used cars so the manufacturer is less important.
BD
I have never owned a Toyota!
But, I have studied the firm and admire their approach to business.
I only buy German cars and apart from a couple I bought a few years back, I only buy used models.
If Detroit ever get their act together and bring out a world class automobile, I'll certainly look at it. If I'm still driving by then.
Carl, your profile shows you as a 747-400 Capt - does your 747 suddenly grow split ailerons, differential thrust (differential at a rate faster than you can reliably control or faster than the engines can usually spin up), differential ailerons, or any other alternate means of controlling yaw?
The flying wing as well as the current B-2 don't have NO yaw control, they have alternate means of yaw control. As a matter of fact, with no vert stab or means of yaw control, the simple movement of the ailerons and their subsequent adverse yaw are likely to start a catastrophic sequence of aircraft movements - especially in turbulent conditions.
For what it is worth, the B-52 did not lose its ENTIRE vert stab, just most of it - there was still some structure remaining providing some level of stability. The B-52 outboard engines are also far away from the fuselage, giving them a little more usefulness as yaw control with smaller throttle movements (the motors were also not the high-bypass fan motors of today and the thrust response at high RPM's was a little quicker). I doubt that the engines alone would have been sufficient had no vert stab remained.
The last civilian aircraft that lost the vert stab (prior to the AA accident in 2001) was a 747 that crashed in Tokyo. The aircraft was able to fly for a while, but was never in control enough to return for landing.
Loss of a vertical fin ALONE does not make an airplane crash. Period.
Carl
__________________
I'm an airline pilot - so I got that goin for me....which is nice.
I, for one am definitely saying that loss of veritical stab alone can cause a crash. Reference AA 587
The last I read of the NTSB report of AA 587, the probable cause of the crash is still not determined. The NTSB knows the vertical stablizer departed the aircraft, yet the cause of the crash is still not determined.
The B-52 incident that was posted earlier is just one example. The are a number of WWII pictures of B-17's that returned to base with the entire rudder shot off along with large parts of a wing, but the crew was still able to get it back on the ground.
There was a previous posting of the JAL 747 that crashed outside of Tokyo as an example. That aircraft had a failure of the aft pressure bulkhead. The resulting explosion took out all 4 hydraulic systems. That's why that aircraft ultimately crashed.
Carl
__________________
I'm an airline pilot - so I got that goin for me....which is nice.
Outsourcing and FDI is the future. But, there is much that can be done in terms of LCR's and VER's.
Again, the US will engage in FDI outflows/inflows with global north countries and that's relevant.
Up until very recently, Wal-Mart was convinced 100% of it's growth would be overseas. The downturn now gives Wal-Mart opportunity in the US. However, most of their growth will be overseas.
In the aviation industry, I don't think you're going to see too many FDI outflows to India or China. Certainly not enough to negate the benefits of business done there. Just look at the airframes and turbofans they're buying from western producers.
If you are studying international business, you will certainly come across this. Are you working on your MBA?
Al
No. No MBA for me. So, you are going to have to define some of your abreviations for me.
FDI?
VER?
LCR?
__________________
Choice is an illusion, between those with power, and those without.
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