That may be a good thing. I know others whom have found developers in other countries willing to work for $8-10 and hour US and they are actually skilled (language is often the largest problem, not the spoken word, but the meaning/context of it).
Less than most licensed plumbers charge to do work ;)
Seriously though, we have never revealed an hourly rate except to "other" developers we are doing work for (and that is rare). Why would you reveal an hourly rate? If they want add-ons or additional work - simply figure it out and say it would cost $xx.xx amount.
Who is "positioned to compete globally"? How does say a compnay in the USA compete and get work from Asian countries? Unless you are fluent in several languages and you are willing to work for nothing, most companies in the USA are going to get work from USA, Europe, Australia, and some from Canada. Most of your work will come from the USA unless you are in a specific niche. So they are somebodys "local" clients.
The "best" customers have already paid someone else for a site, scripting, or other service at least once ;)
[edited by: The_Contractor at 2:12 pm (utc) on Feb. 10, 2007]