by Master2987 » Fri Mar 24, 2006 7:47 pm
I may not have specific details regarding the global flow of musical instruments, but I do follow international trade, and will comment a bit, as it was my field of study, and also find it very interesting.
I guess the forecast, overall, is that anything that is mass produced will continue to be relocated east or south…most likely east, particularly to China. The U.S. market will continue to be saturated with mass produced items, which in turn will continue to drive down prices…this is due to a two-fold effect: One, virtually an unlimited supply, and Two, economies of scale (cheaper labor, materials, etc.).
From an economist/capitalist view, which is the view I take, it is mostly good news for those of us living here in the U.S, due to the following generalized reasons:
1. Lower prices, more variety, and decent quality of mass produced items. Regarding musical instruments, this has been the case. You can find a half decent conga set for $300 (sometimes including a stand), which most enthusiasts here in the States can afford. And talk about variety, each band carries at least 5 or 6 product lines. As for quality, many people have their reservations, but I am of the opinion that mass produced items from Asia can and are in many cases, of equal quality to domestic mass-produced items…think about the auto industry.
2. The U.S. will continue to become more of a specialized, service oriented economy. Issue number 1 above creates the perfect environment for innovation and new business opportunities here in the States. Domestic production will be more along the lines of sophistication, low quantity, great quality, customization, focus on client needs, etc. Again, regarding musical instruments, think Volcano Percussion, and this other small business I just found online Rusitodrums.com.
Those were my comments. Any comments or criticism are welcome.
But before I go, can some of the elders here help with an example? I am thinking of comparing the same product/drum in the 70s and today. For example, we can take the LP Classic, or the LP Original Model, and compare what it was worth in 1970 in today’s dollars (adjusted for inflation) to what the drum is actually worth today. Economic theory would say the drum should be cheaper….but with Kaman Music being more or less a monopoly, this example may not work.
Sorry I wrote way too much....I just like this stuff.