depends on your definition of a good strategy. None of the options are good for overpriced manufacturing labor in the first world that doesn't want to retrain/

depends on your definition of a good strategy. None of the options are good for overpriced manufacturing labor in the first world that doesn't want to retrain/can't retrain. Most of the options are good for the whole world, because manufacturing with less expensive labor usually translate to higher output for lower cost and the labor inflation that causes in the third world is in the really nasty subsistence level of the human suffering index rather than the can't afford a second car and/or the new video game console area of the human suffering index. The benefit to the world of labor price inflation in that level of the curve is so high it's not really comparable. From the perspective of specific first world countries whether it is good or not depends on a mix of priorities from maintaining output capabilities in the face of potential war, maximizing the stuff your populace can get (bread and circuses limit political risk to rulers) and ensuring the spread between the upper and lower ends of society doesn't get so wide that the lower end looks up from its bread and circuses to revolt. Overall it will be a good strategy to move a significant portion elsewhere from this perspective as well.