Employees at the W & D Cambodia Co. garment factory in Phnom Penh this month. Labor costs in Southeast Asia are lower than in China, but basic infrastructure lags behind. (Photo: Reuters)AUGUST 23, 2010
By PATRICK BARTA And ALEX FRANGOS
The Wall Street Journal
China's rising labor costs represent an opportunity for other developing countries, as producers scour the globe for cheaper places to make things.
But China's wage increases are already rippling to some of those new frontiers and have contributed to worker unrest recently in countries such as Cambodia and Bangladesh.
All that means these markets will have to do more than compete on wages. They will have to upgrade basic infrastructure and other parts of their economies to be viable alternatives to China.
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But China's wage increases are already rippling to some of those new frontiers and have contributed to worker unrest recently in countries such as Cambodia and Bangladesh.
All that means these markets will have to do more than compete on wages. They will have to upgrade basic infrastructure and other parts of their economies to be viable alternatives to China.
Please click here to read more...
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