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> Economy going down

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[Ancient]-XinG-
post Jul 31 2013, 05:27 PM

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QUOTE(ash tray @ Jul 3 2013, 09:53 PM)
if worth of local currency goes down, things we sell become cheaper on international market

but, and this is a very important but, we are not the only seller, and there are always new sellers entering the market, and the competition is very fierce

we have a lot of problems --- and they come in multitude of fronts ---

1. price wise we can not undercut competitors from bangla or vietnam or cambodia or africa

2. technology wise we lose to china, taiwan, korea, japan, europe, america

3. our businesses don't get any sapot from the government - businesses in other countries, even businesses in singapore get a lot of help from their government

4. efficiency wise we lose to many others

5. not only our government don't sapot us, we have to face a lot of ridiculous red tape from our own government

6. our business people are split - and many of our business people are not business savvy at all --- all they do is to sux the "t1ts" of the GLCs, which in turns got their $$ from the government, which in turn, got the money from us

7. many of our business people are not brave enough - when i went to africa, i had to do it all by myself, and in africa, i met with a lot of business people from thailand, believe it or not
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this!!!!!

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