Tag: "China"
The Geography of Manufacturing’s Digital Revolution: Are the Jobs Coming Back?
We’ve been following the rise of 3-D printing and how it will revolutionize manufacturing. The Economist has some more thoughts on the subject, particularly how it will affect the location of manufacturing jobs: The revolution will affect not only how things are made, but where. Factories used to move to low-wage countries to curb labour [...]
Fordism Comes to Asia (& How it Will Change the Global Economy)
WorldCrunch has an interesting piece by Jean-Marc Vittori from Les Echos on how labor costs are rising in Asia and how that will affect the global economy. Here is the crux of his argument: We need to rethink how we view the world economy. The huge gap between European and Asian salaries is reducing at [...]
Will India be the Next Manufacturing Powerhouse?
That is the question explored in the latest McKinsey Quarterly: To be sure, global economic growth is poised to create opportunities for low-cost manufacturers everywhere: by 2015 the market for manufactured goods from low-cost countries will more than double, to nearly $8 trillion a year. China will probably capture much of the growth. Still, we [...]
How the Energy Market will Change in the 21st Century
The McKinsey Quarterly has an interview with energy expert Daniel Yergin that covers major trends in energy supply and demand in the 21st Century, the “world of $100/barrel oil.” Some of his major points: Fracking may be here to stay for a generation or more The rivalry between the US & China for energy resources [...]
China and Technology-based Economic Development
McKinsey has a briefing on the state of innovation in China: Chinese companies. . . benefit from their government’s emphasis on indigenous innovation, underlined in the latest five-year plan. Chinese authorities view innovation as critical both to the domestic economy’s long-term health and to the global competiveness of Chinese companies. China has already created the [...]
China takes another step toward global financial leadership
In chase you missed it, last week, the Wall Street Journal reported that China is taking steps to make it easier for banks to handle transactions in the yuan: The People’s Bank of China, the country’s central bank, is in the process of upgrading what is known as China’s National Advanced Payment System, or Cnaps, [...]
