With Automation we don't need to produce in CHINA
From FT, Sarah Gordon, Business Editor
The trend is not limited to the eurozone. In a speech at the World Economic Forum in Davos this year, David Cameron, UK prime minister, highlighted businesses ranging from Symingtons, the food producer, and EE, the mobile phone operator, as having reshored some of their operations to the UK. EE, which owns Orange and T-Mobile, announced plans this year to move call-centre activities back to the UK from overseas locations including the Philippines...................
“In some areas of manufacturing technological changes mean you don’t need so many people to produce things,” said Mr Hawksworth. “This means you create fewer more highly skilled jobs.”
http://www.ft.com/intl/cms/s/0/6aaaf0a4-610e-11e4-894b-00144feabdc0.html#axzz3I5W9kAfm
With automation you can locate the factory near the market you want to serve. There is no point producing in China to sell in Europe or USA. It's riskier & shipment is costly.
More on the same subject:
http://thoughtmeme.blogspot.pt/2014/01/no-convergence-at-all.html
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