I think alot of hub-bub about locational issues is unfounded.
My evidence for this is Japanese Fenders, specifically the one's from the mid-80's that play and sound better than the American counterparts from the era (and even currently). Hell, Fender restricted and stopped Fender Japan from bringing guitars into the US because I think they were chewing into their numbers.
Of the reputations Japan seems to have the best. Korea and Indonesia get slammed but alot of that comes from the actual guitars and what they're compared to. Gibson players are adamant that since their guitar was made in the US, it's better. However Epiphones, made in Indonesia and other parts, are quickly becoming decent counter-parts to the insanely priced
Les Pauls. Additinally Ginsons US quality control has sucked royally lately and some folks are spending less to get a better quality guitar.
My big problem with the whole thing is the connotation that guitars made in the US are better. I find a serious flaw with this statement. Late 1970's US Fenders are terrible instruments filled with bad engineering ideas and even worse quality control. During that time Ibanez got in trouble because they were making better Gibsons that Gibson was making Gibsons. Because of the general state of the work force in the US it's been favorable to base
Custom Shop operations here and have mass production be done overseas with cheaper labor costs. This the reputation kind of came off as a universal statement and I think it's really a falsehood.
The bottom line is that you can get a crappy guitar anywhere. Hell, give me a 2x4 and a hammer and I'll make you one; it'll be a limited run of 1 and made solely in the US.....but it doesn't make it good. Good is a relative term, and usually relative to how decent the work is, the quality of the work and components and what the general grade of instruments being produced is.