Saturday, April 16, 2005

Who's rich now?

This is from Michael Jennings, at Christian Aid. Tip of the hat to Samizdata for the quote:

This "trade and cheap labour for manufacturing is the rich world exploiting the poor" argument is not precisely new to my ears. When I was a kid in the 1970s I heard the same thing about how we were taking advantage of poor world sweatshops. The only thing that has changed since then is the location of the sweatshops. In those days people talked about Taiwan, South Korea, Hong Kong, those kinds of places. And what do these places have in common? Well, today they are the rich world. Ten years ago we started seeing "Made in China" on our cheap imports. A lot of this stuff then came from Shenzhen, just over the border from Hong Kong. Well, today Shenzhen is for practical purposes a developed world city. The manufacturing has now moved inland. The process is getting faster, and the more of the world is rich, then it gets faster still for the rest.

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