Is Mexico the New China?
With uncertainty in oil prices and rising labor costs in Asia, Mexico is luring manufacturing jobs away from China. US companies seek manufacturers close to US markets, an attempt to curb transport costs. Chinese workers also demand protections and higher wages. An emphasis on public and worker education also attracts jobs: Mexico has emphasized worker education, which complements value-added industries like electronics, pharmaceuticals and biotechnology. Education, quality assurance, energy independence and reliability remain critical for a sustainable manufacturing base. – YaleGlobal
Is Mexico the New China?
Skyrocketing fuel costs may lure manufacturing firms back to Mexico
Wednesday, September 17, 2008
Click here for the article on The Christian Science Monitor.
Rafael Rivero is contributor to the Christian Science Monitor and Sara Miller Llana is staff writer of the Christian Science Monitor.
http://www.csmonitor.com/2008/0911/p01s02-woam.html
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