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Subject: RE: To get things started....
Todd Boyle says "if Ray Walker is right, then every day we goof off here in Core Components is costing the world $10 billion!" Again, as usual, Todd is engaged in specious logic. The memo at http://www.unece.org/press/pr2001/01trade04e.htm says "The international trade transaction costs in the world amount to $ 3 trillion and they can be substantially reduced - by up to 60%..." Todd, a whiz at numbers, should consider - as a sanity check - that the Gross National Product of the entire U.S. is less than $10 trillion before going off on tangents. Perhaps Ray was exaggerating. Or more likely, he was including in the transaction costs the shipping costs which e-commerce will have no effect on until we have those Star Trek transporters. The experts in international trade, at Bolero, cite the UN when they say "7% of the $6 trillion in international trade each year is swallowed up by the paper trail of administrative costs." See http://www.bolero.net/news/pressrel/septlaunch.php3. This makes more sense, and gives us a theoretical maximum of $420 billion that could be whittled down with e-commerce. Of course, in reality, you'd never see that much in savings because the information exchange still has to occur: much of it would end up as an income transfer from the paper shufflers of the world to the B2B vendors. But you wouldn't hear me complaining. William J. Kammerer FORESIGHT Corp. 4950 Blazer Pkwy. Dublin, OH USA 43017-3305 +1 614 791-1600 Visit FORESIGHT Corp. at http://www.foresightcorp.com/ "accelerating time-to-trade"
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