Limits on imports save jobs overseas
We'll chalk this one up in the “unintended consequences” category. This shows how tough it can be for governments to restrict trade.
The article says, in part:
To escape new limits on shipments to the USA of cotton shirts, trousers and underwear made in China, Chinese companies are shifting production to plants in countries not affected by the restrictions. That has meant a sudden surge of activity in neighboring Mongolia, one of the world's most remote and least likely commercial hot spots.
“All the Chinese are rushing back, building up their production facilities and starting up new factories,” says Ron Zeidel, 60, executive director of Magic Suit, the Mongolian subsidiary of a U.S. company. “It's going to be a haven for companies coming here from China to get around this quota.”
What do you think? Scroll down to comment or share your thoughts and the post on social media. Don't want to miss a post or podcast? Subscribe to get notified about posts via email daily or weekly.
- Jody Crane, MD: Lean in Emergency Medicine and Hospitals; 3 Big Issues Causing Tough Times in Healthcare - February 1, 2023
- Alternative History: GM Uses Lean to Remain #1 in the Auto Industry - January 31, 2023
- Fall in Love with the Problem, not the Solution: In Entrepreneurship and Continuous Improvement - January 29, 2023