I think the falling impact of labor costs on overall productivity [no longer a "cheap factory workers" royal road to manufacturing exports-led development, but also perhaps no longer a "cheap customer service workers" royal road to service exports-led development] might contribute to a lessening of productivity gaps as a driver: it still…
I think the falling impact of labor costs on overall productivity [no longer a "cheap factory workers" royal road to manufacturing exports-led development, but also perhaps no longer a "cheap customer service workers" royal road to service exports-led development] might contribute to a lessening of productivity gaps as a driver: it still makes sense to diversify supplier networks, but fewer developing countries will be able to insert themselves into those networks.
I think the falling impact of labor costs on overall productivity [no longer a "cheap factory workers" royal road to manufacturing exports-led development, but also perhaps no longer a "cheap customer service workers" royal road to service exports-led development] might contribute to a lessening of productivity gaps as a driver: it still makes sense to diversify supplier networks, but fewer developing countries will be able to insert themselves into those networks.