Risky business: playing the sex card in Dubai - Gulf News
Caveat preemptor in the left-hand-drive used-car souk.
And, it would be safe to say, in the right-hand-driving souk as well. We get a LOT of 3 year old used cars imported here from Japan. Many are re-exported to Iraq, African countries, and other countries. There is an active right-to-left conversion industry here as well. (It is cheaper to do the conversions here than in Japan (labor costs, high rents), and, for economies of scale reasons, in the ultimate-destination countries.)
For more, read Writing the “The Market for ‘Lemons’”: A Personal and Interpretive Essay by George Akerlof, winner of the Nobel Prize in Economics.
Caveat preemptor in the left-hand-drive used-car souk.
And, it would be safe to say, in the right-hand-driving souk as well. We get a LOT of 3 year old used cars imported here from Japan. Many are re-exported to Iraq, African countries, and other countries. There is an active right-to-left conversion industry here as well. (It is cheaper to do the conversions here than in Japan (labor costs, high rents), and, for economies of scale reasons, in the ultimate-destination countries.)
For more, read Writing the “The Market for ‘Lemons’”: A Personal and Interpretive Essay by George Akerlof, winner of the Nobel Prize in Economics.
posted by John B. Chilton at 4/08/2005 05:12:00 PM
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