The Rise of South-South Trade

Economy Watch:  David Wessel in the WSJ has an interesting piece on the rise of South-South trade.  Chinese and Indian know-how and manufacturing, powered by Middle Eastern energy and African raw materials, but also including Chinese and Indian investment into African countries into wireless carriers and the like.  He suggests that perhaps they don’t need us Northerners anymore.  It’s an exciting new phase of globalization, but last I checked, its the northerners inventing and buying the high tech goods made in China and India, and dollar and euro reserves fuelling China’s preposterous monetary bubble…

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.