b'GLOBAL SPOTLIGHTIf alternatives to an over-reliance on China mustits claim. Indian manufacturing facilities overwhelmingly serve only the domestic market. Further, local regulations and be developed, mobility and immigration expertiserestrictions make rapid upscaling of such production overly complex in the country. can ease the pathway towards expanding andIndias time will come, perhaps sooner expediting the role the alt-regions can play inthan we think, but it is not yet there.If we acknowledge that North America and Europe 30 (Western and Northern supporting global trade and supply networks Europe) will continue to be sources of capital, innovation and skilled human capital for other geographies, then which among the remaining regions have the best chance to rise to the opportunity this longer that inexpensive. Between 2013 andthe global commercial wheel has slowed.displacement represents?2022 manufacturing wages there doubledThe question therefore arises: if China isThe leading candidate is the Asia-Pacific to an average of US$8.27 an hour, almostto be less central to the planning, invest- region surrounding China. This Alterna-four times that of Chinas neighbouringments and deployment strategy in globaltive Asia includes South Korea, Taiwan, countries. More pressing, however, is themanufacturing and supply chains goingthe Philippines, Indonesia, Singapore, determination by many business and forward, who will take its place?Malaysia, Thailand, Vietnam and political leaders that China may no longerCambodia. Its working age population, as be a reliable long-term business partner. It is clear the successor will not be acalculated by the World Bank, numbers single country. India is a rising giant,1.4 billion people, which exceeds Chinas Notwithstanding some outliers, the pace ofespecially in the service and back-office950 million. Its core of educated people all-out investment in China as the hub ofsupport sectors, where it has long stakedis also greater, and its population, rather www.snowbirdsautoconnection.com| 1-888-236-7686*NOW OFFERING INDOOR Your #1 Vehicle transport company providing reliable,STORAGE IN THE GTA* honest, damage-free transportation across Canada By James Egan and the U.S. Terminals in all major cities.CELEBRATING OVER 25 YEARS!CROSS BORDER SPECIALISTS|CANADIAN & US BONDED CARRIER|FREE QUOTES|VEHICLE STORAGEShipping vehicles1-888-236-7686, 416-638-0001 450 Bowes Roadsince 1993. info@snowbirdsautoconnection.com Concord, OntarioFall 2023PERSPECTIVES19'