What Does Explosive Growth in the Asian Sector Mean for Everyone Else?

Image via Flickr by Roberto Verzo

For years, companies in the U.S. and Europe have turned to cheap labor forces in Asia to manufacture products. At the time, this was beneficial to the companies, which saved money and could offer cheaper products, and to the workers, who had access to jobs and job training that led to greater wealth and prosperity. Now, countries like China and India have an educated workforce with disposable incomes, and they’re no longer content to make stuff for the West while those foreign companies take the lion’s share of the profits.

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