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looking beyond borders

foreign policy and global economy

Archive for the tag “factories”

The Sino-American Codependency Trap

Increasingly reliant on each other for sustainable economic growth, the United States and China have fallen into a classic codependency trap, bristling at changes in the rules of engagement. The symptoms of this insidious pathology were on clear display during Chinese President Xi Jinping’s recent visit to America. Little was accomplished, and the path ahead remains treacherous.

Read Here – Project Syndicate

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Make In India: Is It A Battle With China?

In an attempt to build India’s industrial base nationwide, (Prime Minister Narendra) Modi is pushing the Make in India campaign, designed to attract foreign investment by highlighting the ongoing changes. How does the effort all stack up agains China?

Read Here – Businessweek

Businessweek

The Global Slave Workforce

According to a new estimate, there are 30 million forced laborers in the world. Some reports show they’re involved in making everything from iPhones to chocolate.

Read Here – The Atlantic

 

For Retailers, Getting Out of Bangladesh Isn’t So Easy

When it comes to labor rights and working conditions, Bangladesh is the new China. And not in a good way. The South Asian nation has been the scene of two major industrial disasters in the past six months. In November, a fire in a factory left 112 garment workers dead; in April, a factory collapsed, killing at least 433 garment workers and injuring many more. Now companies from Walt Disney (DIS) to Wal-Mart (WMT) have to decide how—or if—to use Bangladeshi contractors and subcontractors to make their products.

Read Here – Businessweek

China’s Post-Industrial Future is Nigh

CHINA is known for its industrial might. Manufacturers, miners, utilities and builders accounted for over 45% of China‘s GDP in 2012. In America, by contrast, they contributed less than 20%. China, according to caricature, makes things—things you can drop on your foot. Soft-toed America merely designs, brands and peddles them.

Read Here – The Economist

South Korea Scours Himalayas for Staff as Population Ages

Sharma Sagar is the new face of Korean manufacturing. He’s from Nepal.

Sagar studied Korean for years, competing with other candidates in his native Himalayan homeland to be chosen by a joint-government program that was set up to help South Korea supplement its dwindling labor pool.

Read Here – Bloomberg

China’s Vast Reserve Of Cheap Workers In The Hinterland Is Vanishing At A Vertiginous Pace.

We can now discern more or less when the catch-up growth miracle will sputter out. Another seven years or so – enough to bouy global coal, crude, and copper prices for a while – but then it will all be over. China’s demographic dividend will be exhausted.

Beijing revealed last week that the country’s working age population has already begun to shrink, sooner than expected. It will soon go into “precipitous decline”, according to the International Monetary Fund.

Japan hit this inflexion point fourteen years ago, but by then it was already rich, with $3 trillion of net savings overseas. China has hit the wall a quarter century earlier in its development path.

Read Here – The Telegraph, London

China Is The World’s Next Rust Belt

Six cities in Liaoning province, including Shenyang and Anshan, recently announced they are converting abandoned industrial sites to farmland.  Dongguan, once a booming factory center, is on the verge of bankruptcy as companies close, leaving the local government severely cash-strapped.

Just two years after China overtookthe U.S. to become the world’s largest manufacturer, the country faces the prospect of decades of de-industrialization.  And there is little Beijing can do to arrest the slide.

 

Read Here – Forbes

 

China State-Driven Rebound at Risk as Small Firms Suffer

China’s growth rebound, forecast to have gathered pace in November, is bypassing smaller businesses in a sign the government may need to step up policy support to secure a more broad-based recovery.

Industrial production growth probably accelerated for a third month to 9.8 percent from a year earlier, while retail sales probably rose 14.6 percent, the most since March, according to median estimates in Bloomberg News surveys before data due Dec. 9. At the same time, 80 percent of small businesses polled by a state-run association said they hadn’t seen any “obvious benefits” from government policies.

Read Here – Bloomberg

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