If I were anyone relying on China right now I would diversify to other countries as fast as possible. Everyone should ask: what if I get cut off tomorrow? And have a strategy for that.
Actually, that's how other countries are dealing with the U.S.
Apple supplier Foxconn to invest $1B in India, sources say
111–120 of 288 posts
Re: Apple supplier Foxconn to invest $1B in India, sources say
#112Earlier quoted context omitted.
Thanks for the link. I see also this, in wikipedia: https://en.wikipedia.org/wiki/Working_time#Trends_over_time It's probable that the hours have just displaced to poorer countries. Presumably the BLS data, nor the wiki graphic, have data that includes developing and underdeveloped nations. Edit: I found a book on the topic for anyone interested https://www.ilo.org/wcmsp5/groups/public/@dgreports/@dcomm/@... Edit: Pa…
Not sure if I follow your thought process, are you suggesting that people in developing and underdeveloped nations used to have more leisure time in the past than they do now?
My thought process is that there are large populations in developing nations are so trapped in debt they can do nothing but work all their waking hours, and they would not be paid money that would permit increasing their value as a human resource.
This is a phenomenon that is happening right now, today. It's effectively the same as slavery... I'm not saying 'it used to be better', but I'm not buying the line that globalisation has removed people from being 'overworked', or being effectively slaves. Nor do I believe it ever could, without some form of government intervention.
The simple truth is, if there's a place in the world where it is possible to pay someone only to work, and nothing else, there will be a company willing to exploit that, and there will always be a country willing to exploit its population to get an economic leg-up. Even the most high-minded bleeding-heart left liberals are still unwilling to pay a few bucks extra for something that is manufactured on 'living wages'.
Re: Apple supplier Foxconn to invest $1B in India, sources say
#113Earlier quoted context omitted.
> India is just about as democratic as Putins Russia This is first time hearing it. However flawed the elected officials are in India, they do represent the popular sentiments of the population at that time.
Just to illustrate what am talking about, just yesterday a politically well connected gangster who surrendered got encountered, this same gangster has been seen with the top brass politicians in India including the home minister. https://timesofindia.indiatimes.com/india/vikas-dubey-caught... It is suspected that if he were to be questioned entire nexus with top politicians would have been revealed.
Your link has no mention of anything you claim. I fail to understand how this illustrates your claim that India is about as democratic as Russia, which in itself is unbelievable.
Re: Apple supplier Foxconn to invest $1B in India, sources say
#114Earlier quoted context omitted.
Absolutely, manufacturing requires 1. Cheap Skilled Labour (India has unskilled labour because skilled abour is expensive in India) 2. Mineral Resource (India doesn't even have anthracite deposits for steel production) leave alone oil and other minerals for manufacturing. 3. India does have a good mix of software and other Engineers. I think the best manufacturing countries for expansion out of china are African coun…
You're not alone in this thinking. Chinese corporations have been investing heavily in Africa for quite some time now.
Ofcourse people in the game know much better than a armchair intellectual like me.
Re: Apple supplier Foxconn to invest $1B in India, sources say
#115Someone help me understand this. If China and India get into a conflict, doesn't that mean each side would be trying to get the other's exports banned? Which means, effectively, Foxconn is handicapping itself?
India and China recently ended up at war. 20 Indian soldiers died and an undisclosed number of Chinese soldiers died during a primitive battle with Kung Fu sticks and stones. There's an agreement on not using firearms in conflicts and that has held up for some 60 years. There's no reason to believe this would be an all out war anytime soon.
Really? This deserves a post of its own!
Re: Apple supplier Foxconn to invest $1B in India, sources say
#116Earlier quoted context omitted.
Just to illustrate what am talking about, just yesterday a politically well connected gangster who surrendered got encountered, this same gangster has been seen with the top brass politicians in India including the home minister. https://timesofindia.indiatimes.com/india/vikas-dubey-caught... It is suspected that if he were to be questioned entire nexus with top politicians would have been revealed.
Your link has no mention of anything you claim. I fail to understand how this illustrates your claim that India is about as democratic as Russia, which in itself is unbelievable.
The link suggests that the democratic institutions are weak and works on the whims of politicians which is what the original comment suggested. Th notorious ganster has been seen with the very same politicians.
Let me give you few more examples :
1. Just recently Indian government created an entity called 'PM Care Fund' for the collection of funds during corona pandemic but created explicit laws that people cannot file an RTI (Right to Information) to know what the government is using the funds for. The ability to exercise democratic rights is an essential right in democracy, democracy isn't just elections. https://www.thequint.com/news/india/coronavirus-pm-cares-fun...
2. The Supreme Court judges have come out in public addressing the public about governments intervention in Judiciary. https://www.thehindubusinessline.com/news/supreme-court-cris...
Free and fare Judiciary and democratic institutions are fundamental to a democracy. I hope this substantiates the original comment.
Re: Apple supplier Foxconn to invest $1B in India, sources say
#117Earlier quoted context omitted.
Just to illustrate what am talking about, just yesterday a politically well connected gangster who surrendered got encountered, this same gangster has been seen with the top brass politicians in India including the home minister. https://timesofindia.indiatimes.com/india/vikas-dubey-caught... It is suspected that if he were to be questioned entire nexus with top politicians would have been revealed.
The incident is shady but it doesn't prove India is as democratic as Russia. The encounter of a notorious gangster who has committed numerous crimes isn't the same as assassinating a major political opponent. https://en.wikipedia.org/wiki/Assassination_of_Boris_Nemtsov
Yes please look up in the thread i have given more examples.
Re: Apple supplier Foxconn to invest $1B in India, sources say
#118Earlier quoted context omitted.
> I appreciate how globalization of manufacturing helps lift poorer economies I really think we have to move to a Commons-based peer production paradigm. Ask yourself, would I want to work for Foxconn assembling $1k iPhones for meager pay? [1] And I am not asking you from a hypothetical standpoint where you pretend to be an Indian in the context of the country India. My question is: would you accept a job starting wo…
I work in a high paying plush job. I will also not work in fields growing crops, neither in a call center, not even in a software service company paying me meagre ₹35 lakh/a. But what doed that mean?
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Re: Apple supplier Foxconn to invest $1B in India, sources say
#119Earlier quoted context omitted.
> Also India is just about as democratic as Putins Russia. Could you share how did you gauge that? Different leaders (from different parties) have led India since Putin took Russia's helm: Vajpayee, Manmohan Singh and Narendra Modi
Yes just look at 'PM Care fund' it is explicitly outside of RTI, and thus prevents people from practising their democratic right to question usage of funds.
And what is the level of coverage of Russia's equivalent of RTI? (assuming they have one)
Re: Apple supplier Foxconn to invest $1B in India, sources say
#120> With India’s labour cheaper compared with China, and the gradual expansion of its supplier base here, Apple will be able to use the country as an export hub While there are negatives, I appreciate how globalization of manufacturing helps lift poorer economies (albeit it slowly and not always agreeing with the politics of the newly-built middle classes). One might expect manufacturing in mid-Africa in two decades.
Actually I think, the most ideal countries to expand manufacturing to are African countries, they have some of the same advantages once china had. 1. Mineral Resources. 2. Cheap Labour. 3. High Density of Lanthanide and Actinide group minerals. China also has a fourth advantage which is a good mix of Production, Manufacturing and Electronics Engineers. Which Africa doesn't have. On the other hand India doesn't have t…
I'd think container shipping is so cheap that 2 will almost always outweigh 1 and 3.