Manufacturing: Who Will Win the World Cup?
Note: Much of the analysis here appears in greater detail in Milton Ezrati, Thirty Tomorrows (Thomas Dunne Books, 2014)
1 Wang Yaguang and Xie Yunting, “Labor Shortfall Felt in Coastal China as Orders Pile Up,” Xinhua News Service, August 27, 2009.
2 Kunal Sen, “International Trade and Manufacturing Employment Outcomes in India,” research paper 2008/87, United Nation University, World Institute for Development Economics Research (UNU-WIDER), October 2008.
3“Performance” Development Commissioner (MSME) Ministry of Micro, Small and Medium Enterprises, Government of India, September 25, 2009.
4 “No Surge Expected in China’s Textile Exports,” People’s Daily, January 22, 2009.
5 “Performance,” op. cit.
6 Xikang Chen, Leonard Cheng, K.C. Fung, Lawrence J. Lau, Yun-Wing Sung, C. Yang, K. Zhu, J. Pei, and Z. Tang, “Domestic Value Added and Employment Generated by Chinese Exports: A Quantitative Estimation, “Munich Personnel; RePEc Archive (MPRA), December 2008.
7 “Performance,” op. cit.
8 CIA World Fact Book.
9 Lee Branstetter and Nicolas Lardy, “China’s Embrace of Globalization,” working paper 12373, National Bureau of Economic Research, July 2006.
The opinions in the preceding economic commentary are as of the date of publication, are subject to change based on subsequent developments, and may not reflect the views of the firm as a whole. This material is not intended to be relied upon as a forecast, research, or investment advice regarding a particular investment or the markets in general. Nor is it intended to predict or depict performance of any investment. This document is prepared based on information Lord Abbett deems reliable; however, Lord Abbett does not warrant the accuracy and completeness of the information. Consult a financial advisor on the strategy best for you.