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Innovation in China: From Brawn to Brain
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 402 no. 8775 (Mar. 2012)
,
page 17-18.
Topik:
Economic Growth
;
Manufacturing
;
Labor Costs
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.70
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The end of cheap China is at hand. Blue-collar labor costs in Guangdong and other coastal hubs have been rising at double-digit rates for a decade. Workers in the hinterland, too, are demanding--and receiving--huge pay increases. China is no longer a place where manufacturers can go to find ultra-cheap hands. Other countries, such as Vietnam, are much cheaper. What will this mean for China and the world? Contrary to conventional wisdom, it will not mean that companies close their Chinese factories and stampede to somewhere poorer. China is still a terrific place to make things. Labour may be cheaper elsewhere, but it is only one cost among several. So China is not about to hollow out. But if it is to keep growing fast, it must become more innovative. At present Chinese innovation is a mixed bag.
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