The China outsourcing phenomenon
■"China Ventures Southward: In Search of Cheaper Labor, Firms Invest in Vietnam," by Peter S. Goodman, Washington Post, 6 December 2005, p. D1.
There's always a bigger fish in the ocean, so goes the saying.
And there's always a cheaper labor market in the global economy, even when we're talking about China.
China, the land of inexhaustible cheap labor, began exporting jobs a while back (at least far enough back for me to get a cite on it into BFA.
Here's another great story on the subject: guy makes plastic bags and decides to move production into northern Vietnam.
Not just the cheaper labor, but easier to start a business there.
In BFA, I call this the "reverse domino" effect: SE Asia turning capitalistic in response to China. The exact opposite of what we feared four decades ago.