[lbo-talk] SK vs. NK

Doug Henwood dhenwood at panix.com
Mon Jan 10 09:17:37 PST 2005


uvj at vsnl.com wrote:


>55% of Chinese exports are done by the foreign funded enterprises.
>Why the US and the EU don't encourage the development of
>manufacturing industry in Central and South America in a similar
>fashion? Higher wage costs relative to China?

That, yes, but for low-wage workers, Chinese are extremely skilled. Nothing like Communism to deliver a first-rate labor force to capital!

Doug



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