Swamp Fox
07-04-2005, 10:43 PM
Interesting. I just saw on the newsfeed that many Africans only made $1 a day, and I was pretty sure that was less than the Chinese. I then got curious as to why the other Third World countries were so afraid of textiles from China, with the dropping of the tariffs, so I did a search, and I got this article from Fortune magazine, which says that Bangladesh wages are even lower than China's, but it is losing market share. (http://www.fortune.com/fortune/subs/article/0,15114,1063525,00.html)
The reason, apparently, is due to low infrastructure and corruption. So the race will not be to the bottom after all - there are other factors.
The reason, apparently, is due to low infrastructure and corruption. So the race will not be to the bottom after all - there are other factors.