If the Pandemic Doesn’t End in a Decade
CategoryMoney Notes
It’s problematic to concentrate all of our economy in just a handful of regions—the current issue is already stark: when one city halts, the entire supply chain stalls.
When things grind to a halt, industrial relocation accelerates.
The international cost competitiveness of these few cities—both land and labor—is fading. The migration of mid-to-low-end industries is already underway; why not channel it inward, toward central and western China?
Why must industries inevitably relocate to Vietnam?
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