Date: Fri, 10 Oct 1997 12:14:02 -0800 From: bhandari-AT-phoenix.Princeton.EDU (Rakesh Bhandari) Subject: Re: AUT: East is West: Posting 1 WA Paterson's thoughtful analysis has been at the back of my mind for a few days now. If I remember the general argument correctly: While the floating of the exchange rates and the like has created both the instability and opportunity for massive speculation which has in turn destabilized the real economy, the most powerful firms have benefitted from the slow growth that has resulted since this allows them to dominate their suppliers who are forced to compete with each other in the face of depressed real global demand. WA also included a detailed description of JIT, focusing on the relationship between core firm and supplier. I don't know if I remember the gist, but so much thought was put into this provocative argument, I wanted to acknowledge that it is much appreciated. Comradely Rakesh --- from list aut-op-sy-AT-lists.village.virginia.edu ---
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