The Boomerang Effect: Comparative Advantage  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8780 (Apr. 2012), page SS7-SS10.
Topik: Manufacturers; Manufacturing; Location of Industry; Trends; Statistical Data

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.71 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Countries that make things more cheaply than others are often accused of running sweatshops, and labour in China was undoubtedly cheap: that was why Hong Kong's clothing and toy factories moved to the mainland. But with increasing prosperity Chinese workers want more pay, shorter hours and more benefits, just as Taiwanese, Japanese and South Korean workers did before them. Labor costs in China have recently been growing by around 20% a year. Some labour-intensive businesses are now moving from the coastal regions to inland China, where costs are lower, though the infrastructure may not be up to the mark. A number of firms, especially those making clothes and shoes, have upped sticks and moved to Bangladesh, Cambodia, Indonesia and Vietnam. Yet for some manufacturers low wage costs are becoming less important because labour represents only a small part of the overall cost of making and selling their products. Shenzhen provides a successful industrial cluster. Some jobs are returning to developed countries.

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