Oh, I'm not talking about the next big democracy.
Take a look at this article from Inc. Magazine... the entrepreneurial magazine.
It is an excellent presentation of many the facets of the emerging China. Back some time ago, I pondered how someone making 45-cents per hour could live so well in China. This article answered that and confirmed my position: it's funny money.
But that's not really the importance of this article. Take the time to read it. Then go to Cafe Hayek and read all of the comments about how U.S. business is so inefficient that it has to outsource to China and that it is so good for us to do so.
Then, if you still feel like going to Wal-Mart to by some "China-priced" goods... have at it.
