A Quote by Wilbur Ross
The typical big Japanese company has somewhere between a third and 40 percent of its revenues coming from developing countries, and about a third of Japan's exports are also to the emerging countries, so in a strange way, Japan, which has very little internal growth, its big companies are a good way to play the emerging markets.
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Well the most likely emerging countries are Japan, Turkey, and Poland. So I would say Eastern Europe, the Middle East and a maritime war by Japan with the United States enjoying its own pleasures.
80 percent of the export of armament in the world comes from the G8 countries. [The] United States alone exports about 50 percent of the world's armament, [for] which, of course, there has to be buyers, and the buyers are very terribly keen, very often military dictator[s] or sometimes not military dictator[s] but for military purposes. But the sellers are also promoting this trade. And two thirds of the arm exports go to developing countries. I'm in favor of putting a control on it, a ban on it.
There are emerging countries. I mean, there are countries, you know, China, India, and Brazil, and all of these countries that are emerging. They are building homes. They are building - so there is a new lifestyle.
The generally big places in the world, the big countries for pro wrestling or lucha libre are Mexico, U.S.A., Japan, and U.K. And now WWE is in all countries and it's different.
I think the retirement crisis globally is a major problem. I think it's especially prevalant in countries such as Japan, where immigration is an issue. I think the US is more shielded from it than most countries in the world. It has a higher birth rate than Japan, immigration is tolerated here unlike probably it is in Japan. I don't think it's as big an issue in the US as it is elsewhere in the world.
The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.
I'm still very bullish on emerging markets. There's an emerging middle class. They're a growing group of customers. And frankly, they want Walmart. They want everyday low price. And that's why we are continuing to grow in the emerging markets around the world, too.
In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. As a result, emerging markets have had to rely once again on domestic demand. This is always a difficult task, given the temptation to over-stimulate.
My view is that the U.S. market will eventually join the emerging markets on the downside because if you take a bearish view about emerging economies, you cannot be too optimistic about the U.S. because for many U.S. corporations, 50 percent or more of their profits come from emerging economies.
Japan has only 100m people. Asia has 4bn. At least one-third, maybe nearly half, will become middle class, and this is a big opportunity for Japanese businessmen.
However in countries outside of Japan I think game music is still a potential growth market that has not yet developed to the extent that we are seeing in Japan.
Many European countries and Japan need to free their labour markets and liberalise services to boost productivity growth.
Japan is an important ally of ours. Japan and the United States of the Western industrialized capacity, 60 percent of the GNP, two countries. That's a statement in and of itself.
People don't put as much of an emphasis in expanding their choices, so that, you know, one of the things that I learned when I was in Japan way back in the 1990's and there were all these quarrels happening between the U.S. and Japan about allowing more American products into the Japanese market.
I attended a big human space flight conference in Beijing and I was going as myself. And really, there weren't any NASA astronauts there, I was the only so-called American Astronaut there. We had astronauts from most of the other countries, certainly from Russia, from France, from Japan, several other countries, but it was a little bit odd because here we are at an international gathering of a lot of astronauts and I'm talking about somewhere upwards of 30 or so astronauts, and I'm the only American. And I wasn't even there in an official capacity.
There is a considerable polarization taking place here, increasing the gap between rich and poor. It's most dramatic in Third World countries, of course, but in the rich countries it's also very noticeable.
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