4 ms·
> chance for EU to compete with China was to move all manufacturing to cheap post-soviet areas Which areas in EU (or even Europe) would that be? Baltic states
by nixass 3y ago
> chance for EU to compete with China was to move all manufacturing to cheap post-soviet areas
Which areas in EU (or even Europe) would that be?
Baltic states hardly cheap anymore (or won't be soon), Caucasus is hot mess and -stans are nowhere near the EU as well as their neighborhood is unstable as it can be
- treprinum 3y agoI was talking in past tense. The chance is gone.
- adev_ 3y ago> I was talking in past tense. The chance is gone I think you underestimate the evolution of salaries in China. Average salaries in Area like Shenzhen or Guangzhou are now superior to what you would get in countries like Romania, Moldavia, Ukrain, Balkans or even some Baltic countries. Even salaries in western part of China in place like Chongqin start to catch up. The reasons I believe are mainly loss of competency and political will in Europe. The UE praised itself as a model of liberalism for decades, it is hard to promote any form of protectionism after that.
- treprinum 3y agoThe point here is that nobody can beat Shenzhen-like logistic integration and economies of scale and EU squandered that chance, the comparative advantage it once had.