Not the start of the decline of globalisation – just of China's dominance
Determined to have his FDR moment, Joe Biden’s latest policy seems likely to have put ...
Where? South-east Asia. When? Now. As labour, land and other costs continue to escalate in China, its era as the centre of foreign direct investment is clearly coming to an end. That said, cheapness isn’t all – average monthly wages in Myanmar are just a third of their equivalent in China – and much depends on alternative Asian nations’ infrastructure and access to supply chains. The Philippines and Cambodia are particular bright spots.
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Alex Lennane
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