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Rite of Passage; Geopolitical Consequences
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 407 no. 8837 (May 2013)
,
page SS8-SS9.
Topik:
Economic Conditions
;
Foreign Investment
;
Clothing Industry
;
Corporate Planning
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.76
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
On the northern outskirts of Yangon lie the sprawling industrial estates that used to provide Myanmar's economic muscle, such as it was. Now, after decades of sanctions and economic mismanagement, many of the factories have been demolished and the ones left standing are mostly derelict. But amid the rubble are signs of new life, not only for Myanmar but for the rest of Asia. Near the gates of the Mingaladon Industrial Park two new Japanese-owned factories have sprung up out of the debris. One of them, Famoso Clothing, offers a glimpse of a better future for Myanmar--and for Asia. Owned by Daiei Ready Made Clothes Corporation, based in Japan's Nagoya, Famoso was set up in Yangon in 2002 as a small operation to make men's suits exclusively for the Japanese market. The parent company did most of its business in China, where it employed thousands of local workers in three factories. But three years ago two of the factories in China were closed and the plant in Yangon was rebuilt at a cost of $7m to become the company's new Asia hub, explains Famoso's managing director, Kazuto Yamazaki. The company's last Chinese factory will close within a year and the Yangon operation will triple its output, from 170,000 suits a year to half a million. The reason for the switch is simple, says Mr Kazuto: the high cost of labour in present-day China.
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