President Trump recently pulled the US out of the Iran deal bringing fresh confrontation with the middle east country. Many European countries against this unilateral action. However Trump has pulled off the deal simply ignoring the Europeans, most of whom are allies. Some political pundits also note that US image has also been burnished with …
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Labor costs in the manufacturing sector is cheaper in Mexico than other countries especially China. Major US firms have significant operations in the country due to the geographical proximity to the US and abundant and well-experienced workforce. I have written about the cost competitiveness of the Mexican labor market in the past before which you …
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The economy of China has undergone an astonishing growth rate since the 1990s. For instance, China acocunt for just 1.6% of the world GDP. But by 2010, it jumped to 9.2% of the world total GDP. Rising further, China’s GDP reached about 15% of the global economy in 2016. The table below shows the growth …
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