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Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

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Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#111

Post by eru »

likeclockwork wrote: post #109
tarikjn wrote: post #99

Earlier quoted context omitted.

Worthy quote from that article: "While import substitution policies might create jobs in the short run, as domestic producers replace foreign producers, economics theory shows that in the long run output and growth will be lower than it would otherwise have been. This is because import substitution denies the country the benefits to be gained from specialisation and foreign imports. The law of comparative advantage s…

I'm not sure how that would apply to veblen goods when the status they confer is tied up in actually not being produced locally.

Interesting point. I wonder how much of an economic impact these goods have? (Ie if they exist, do they matter?)

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#112

Post by eru »

ep103 wrote: post #110
eru wrote: post #95

Earlier quoted context omitted.

Hmm, I was a bit confused by your multiple negations at the top. Also not quite sure what your point is. > That's going to be a massive decrease in competition, job growth, etc, overall [when producers move to a cluster]. Can you expand on that? I don't see how---especially if we agree that the clustering is more economically efficient. (If we don't agree on that, we need to talk about it first.)

Did you read the jacobs link in my post? Economically efficient, sure. Which is fine if the economy is healthy enough that the displaced can continue to find and invent new jobs

I read the Jacobs link. (Actually, had already read it before. It's interesting, thanks.)

It's straight-forward to get a healthy enough economy to provide full employment. (Not `easy', because things are seldom easy in politics.) We even know how to afford a social safety net at the same time.

To not keep you in suspense: - tell the central bank to keep nominal GDP level on a stable growth path - untax labour and capital, put all tax burden on land (whose supply is perfectly inelastic) - use the tax to finance public infrastructure and a social safety net

If you are feeling like it add:

- remove most red tape from the labour market (the part that prevents hiring and firing; keep OSHA and the like)

http://www.economist.com/blogs/freeexchange/2011/10/monetary...

http://www.economist.com/news/leaders/21647614-poor-land-use...

(Not that the Economist is the best source for everything, but they write short pieces to the point.)

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#113

Post by esterly »

maskedinvader wrote: post #102
teh_klev wrote: post #71

Earlier quoted context omitted.

See: https://news.ycombinator.com/newsguidelines.html "Please resist commenting about being downvoted. It never does any good, and it makes boring reading." Rallying the crowd for up-votes (even for another user's post) falls pretty much in the same ballpark.

like I said, I didn't read it as a rally for upvote, but rather a witty response to the previous comment. Unless he/she actually was rallying for upvotes and I read it wrong.

Thanks man. I have plenty of other stuff I used rally-ing up on ;-) next time all say 'well played' instead of up vote

Re: Apple Not Able to Open Stores in India Without Selling 30% Locally Sourced Goods

#114

Post by argonaut »

arey_abhishek wrote: post #104
argonaut wrote: post #97

Earlier quoted context omitted.

Credit Suisse just copied the numbers from Global Trade Alert. Did you even look at the reports on the Global Trade Alert website? Or did you just read the "About" page? Mentioning Trump is just FUD and indirection. You can mention him if he's elected and if he manages to enact protectionist policies.

Yes I did look through GTA's site and about us page. I looked at GTA and it's a highly respected research org. And CS is a very competent investment bank. So I do believe their research. You are attacking a straw man. Find me another data source that refutes GTA and Credit Suisse. Peace.

This is a terrible argument from authority. You didn't actually look at the GTA data, did you? I did, and most of it falls into the categories I outlined in my original comments.
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