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As Ties With China Unravel, U.S. Companies Head to Mexico

New York Times Original article ›

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The shift of offshore manufacturing jobs from China to Mexico in 2014-2015.

China's future and the experience of Japan and Mexico

05/29/2010

China devotes 3% of GDP to education compared to 5% in developed countries. The underinvestment in education and human capital can lead to stagnation in per capita incomes. This happened in Mexico. The inability to deal with bad loans in the banking system can lead to slowing economic growth. This happened in Japan. The bulldozing of schools of migrant workers reflects a failure to address balanced growth and a breakdown in assigning the right priorities.

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