Corporate globalization. The multi-national has recognized posibilities of exploitation of comparative advantages are available if you shop the world. Right now China and India are supermarkets for adequately educated labor pools. The translates into Texas banking interests, such as Providian, using Indian call centers to communicate with customers and sell add ons to existing customers. The advantage here is obviously cheap labor. Go to Wal-Mart and see how the impact of cheap labor in China impacts imports.

The upshot of globalization works very well for China, inasmuch as they function on a very long term philosopy and will accept change they think they can control.

Corporate interests are served by the development of new, fresh ponds to fish in. Currently the American consumer benefits by the cheap prices. In the long run, world labor cost will rise and American labor rewards will lower.

US hegemony that was earned by WWII couldn't be toppled by the Soviet Union, but it is being eroded by the development of the multi-national corporation.

Publius