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Article: Growth of China could throw Thailand, Malaysia, Philippines and Indonesia back to pre-industrial role of commodity suppliers.
- Article from:
- Manufacturing & Technology News
- Article date:
- May 17, 2004
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China's growth as a manufacturing powerhouse might not be good news for some of its neighbors--particularly Indonesia, Malaysia, Philippines and Thailand, the so-called ASEAN-4. "The full integration of China's huge labor force into the international division of labor could cause the ASEAN-4 to face the possibility of de-industrialization," says Wing Thye Woo, director of the East Asia Program at the Center for Globalization and Sustainable Development at Columbia University.
The growth of manufacturing in China is changing the composition of its imports and will result in a "complete overhaul of the production structures of East and Southeast Asia," says Woo. ...