Quote:
Originally Posted by wistahpatsfan
WHEW! That's a relief. Where would we get our cheap shoes and clothes and toys?
|
It's part of a global cycle. Industry started in Europe, then it went to North America. Next it went to Asia. If you look at photos from 100-140 years ago, the Japanese were already copying the West, even wearing Western clothing. It then began circling around from Japan to the Tigers, and finally landed in the big fish: China.
Where ever there is underdevelopment there are people available for work, by definition. So, even as China gets itself up and running, the ready hands in Africa and South America and everywhere else under-development exists, will be given the opportunity to develop.
Clearly, China has a huge situation to deal with just within its own borders, with one-sixth of the world's population, so while it develops to raise up its own people, the other under developed regions will get into it, as well; no need to wait til China is "developed".
It always starts with manufacturing, as it is the foundation for the whole economic infrastructure.
//