You Think The US Is Alone In This?...Think Again....Even China Faces Outsourcing

The concept to outsource production to a lower cost environment is well understood  by the industrialized world.

One can argue that the US practically invented the practice starting in the early 1960'ies  when  US corporations started shifting production to Japan. Nowadays no one considers Japan a low cost provider but  50 to 60  years ago it certainly was.

Of course what happened next was a lesson in beware what you wish for, The manufacturing techniques Japan learned from their US paymasters enabled Japanese corporations to develop world class manufacturing processes and the Japanese corporations then started competing globally for the same customers as did the US corporations.

Japan of course learned its lesson too well. Japanese corporations ran into the same cost wall which had forced US corporations to outsource production and started shifting production to South Korea and Taiwan. In the process world class electronic component manufacturing was born in those countries.

Now it is China's turn. The article below makes the case that the same forces  China has benefited form , the outsourcing of jobs into China, is now forcing Chinese corporations to outsource production to lower cost countries. (Vietnam).

One cannot help but to think "What goes around comes Around".