one of my favorite gutiars is the bottom of the line Yamaha Pacifica Tele. Paid $150 for it from elderly instruments. The fretwork and neckpocket are better than on my custom shop strat[mid 90's pink holoflake](i think this maybe partly elderlys doing). This pickups were good but not great put a used Rio Grande Mua Grande and it rocks.
In short my $165 investment is one of my main guitars.
The Esp basses from overseas are great too.
I think where it's made has a lot less to do with it then who it's made by. Also the shop that sells it has a huge factor in my book. In my visits to elderly you didnt find any of the crap setup problems etc... you do at your "MUSIC SUPERSTORE". I have 2 of em here and rarely find a guitar thats playable on the shelf either outta tune broken strings or set up for archery. Or all of the above. So you pay a few bucks more from the shops that bother to quality check and set up and instrument i have too say its worth it. I know when i finally get to buy my high end acoustic ill fly or drive to one of thoose stores, probably elderly due to my experiences with them.
btw Are any fenders made in the US anymore. I heard they only do assembly here due to thoose whacky california enviormental laws.(reasons fender should relocate a few hundred miles north to las vegas)