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Sunday, August 07, 2005

Risk in Foreign Lands

Michael Dunne of the Detroit News has a great article on the risks of dealing with companies in China. They aggressively steal competitors blueprints, and seeking any recourse in Chinese courts is virtually impossible. Economists today love to harp on the success of the Chinese economy. They forget to mention that China is also an incredibly corrupt nation that lacks many of the safeguards we in the West take for granted. Like intellectual property laws that actually work.

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