Posted On: 11/20/2013 10:42:35 PM
Post# of 7153
Because of rapidly rising East Asian standards of living, garment
industry wages in Hong Kong are now 50 to 100 percent more than those
in Colombia, while wages in Korea and Taiwan are at least not signif-
icantly lower than Colombia's. Government export subsidies are non-
existent in Hong Kong; in Korea and Taiwan they seem to be no greater
than in Colombia. If, as is common, Colombians use air transport
whereas East Asians ship by sea, Colombians have a significant advan-
tage: they can land goods in New York for the same transport costs as
East Asians but at a saving of four weeks in transit time.
industry wages in Hong Kong are now 50 to 100 percent more than those
in Colombia, while wages in Korea and Taiwan are at least not signif-
icantly lower than Colombia's. Government export subsidies are non-
existent in Hong Kong; in Korea and Taiwan they seem to be no greater
than in Colombia. If, as is common, Colombians use air transport
whereas East Asians ship by sea, Colombians have a significant advan-
tage: they can land goods in New York for the same transport costs as
East Asians but at a saving of four weeks in transit time.
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