THE COST OF DOING LOW-COST BUSINESS

摘要

I've got a whole stack of books, research studies and analyst reports here on my desk, each one analyzing the emergence of China as an economic powerhouse, and purporting to explain why the Far East has become so popular for U.S. manufacturing companies seeking a competitive edge. I'm thinking the reason is pretty obvious: low costs. In effect, China functions as a kind of Super-Giant Wal-Mart for the entire world.