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It's called the race to the bottom. It's happening in Taiwan now too. Everyone is moving their factories to Vietnam, some to Cambodia, some to Thailand. I li
by jawngee 15y ago
It's called the race to the bottom. It's happening in Taiwan now too. Everyone is moving their factories to Vietnam, some to Cambodia, some to Thailand.
I live in Vietnam (Saigon) and hang out with a lot of Taiwanese factory owners/managers/etc. More and more of them are coming here, though I can't imagine they'll be staying long.
I went to Taiwan for Chinese New Years and was amazed at the progress from when I was last there 12 years ago. Unfortunately, their economy is taking a beating as a lot of what created it in the first place is now moving to places with higher profit margins.
I can only think that Africa is next on the list.