Time (April 25)
Time calls it “the China Effect.” As China prospers and internal demand generates an ever larger share of economic growth, low-skill manufacturing is being shifted to other Asian countries, including Vietnam, Bangladesh, Malaysia and Thailand. “After ferociously sucking jobs and investment out of Southeast Asia over the past two decades, the China Effect is now lifting once declining industrial hubs like Penang out of their long economic slump.” The era with China as the world’s factory is beginning to come to an end.
Time calls it “the China Effect.” As China prospers and internal demand generates an ever larger share of economic growth, low-skill manufacturing is being shifted to other Asian countries, including Vietnam, Bangladesh, Malaysia and Thailand. “After ferociously sucking jobs and investment out of Southeast Asia over the past two decades, the China Effect is now lifting once declining industrial hubs like Penang out of their long economic slump.” The era with China as the world’s factory is beginning to come to an end.
Tags: Bangladesh, China, Malaysia, Manufacturing, Thailand, Vitenam
