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looking beyond borders

foreign policy and global economy

Archive for the tag “manufacturing”

Could It All Be Made In China By 2025?

Take more than 500 types of industrial product and China ranks first for 220 of them, globally. Yet Beijing isn’t satisfied with just being the world’s factory for cheap goods. More than a third of the country’s 800-million workforce produce biblical amounts of stuff, generating $3 trillion annually, but China’s position is slipping. It’s political and economic leaders know the country can’t rest on its laurels for long. There are more than a few rivals nipping at its heels, but it has a plan.

Read Here – Raconteur

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Reviving India’s Economy

Given the Indian economy’s massive size and extensive global linkages, its growth slowdown is a source of serious concern not just domestically, but around the world. The good news is that carefully crafted policies that address both short- and long -term impediments can reverse the downward trend.

Read Here – Project Syndicate

How Will China’s Sweeping Pollution Crackdown Affect Its Economy?

An unprecedented campaign against environmental pollution has led to 18,000 companies being punished across the country since last summer and more plant shutdowns. But the crackdown’s economic implications are just beginning to unfold.

Read Here – South China Morning Post

Deciphering China’s Economic Resilience

The fixation on headline GDP overlooks deeper issues shaping the China growth debate. That is because the Chinese economy is in the midst of an extraordinary structural transformation – with a manufacturing-led producer model giving way to an increasingly powerful services-led consumer model.

Read Here – Project Syndicate

Globalisation: The Rise And Fall Of An Idea That Swept The World

It was only a few decades ago that globalisation was held by many, even by some critics, to be an inevitable, unstoppable force. “Rejecting globalisation,” the American journalist George Packer has written, “was like rejecting the sunrise.” Globalisation could take place in services, capital and ideas, making it a notoriously imprecise term; but what it meant most often was making it cheaper to trade across borders – something that seemed to many at the time to be an unquestionable good.

Read Here – The Guardian

The Next Economic Powerhouse? Poland

The I.M.F. has a complex definition of “advanced,” but a common thread is that all the nations have a per-capita income of at least around $15,000. Since Poland completed the transition from Communism to democracy in 1991, its economy has been growing at an average annual rate of 4 percent and, remarkably, has not suffered a single year of negative growth. In those 25 years, Poland’s average income has risen to near $13,000, from $2,300, and it is now on pace to pass the $15,000 mark by the turn of this decade.

Read Here – The New York Times

Trump’s Caricature Of China As A Job-Stealing Economic Bogeyman Is Past Its Expiry Date

…The version of China that Trump continues to rail against is increasingly out-of-sync with the China that exists today. Its economy, much as other developed economies have already done, has begun transitioning towards a post-industrial economy. The manufacturing boom that powered China’s economic rise over the last two decades has started to draw to a close—and making goods is getting more expensive relative to other economies.

Read Here – Quartz

F-16s, Made In India

Lockheed Martin is offering to move its entire production line for the iconic fighter plane from Texas to India. That would be a second-best option for all involved. From a U.S. perspective, the optimal outcome would be to acquire India as an F-16 customer while continuing to produce the plane in Texas and keeping the associated jobs at home. From an Indian perspective, the best outcome would be the development of an indigenous fighter aircraft to avoid reliance on anyone else’s technology.

Read Here – Foreign Affairs

China Should Pay More Attention To India’s Increasing Manufacturing Competitiveness

On the whole, rapid economic expansion in India is a good thing for China as China’s consumer market matures, but Chinese manufacturers will inevitably face increased competition from Indian firms at the same time. As labor costs climb in China, Vietnam has become an emerging manufacturing nation, but China doesn’t need to panic. However, manufacturing development in a large country like India means more pressure on China. The increasing competitiveness from India’s manufacturing sector is a issue of strategic importance and deserves more attention.

Read Here – The Global Times

Which Asian Country Will Replace China As The ‘World’s Factory’?

China’s transition is opening space for other countries to move into low-cost manufacturing, where China until recently dominated. Deloitte predicts that the economies of Malaysia, India, Thailand, Indonesia, and Vietnam, the “Mighty Five” or MITI-V, will inherit China’s crown for such products. The consensus among industry and regional experts interviewed for this article is that India in particular will be the next top hub for low-cost manufacturing.

Read Here – The Diplomat

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