Sunday, October 18, 2009

Stat of the day

From Mad About Trade:
More U.S. manufacturing FDI [foreign direct investment] flows to the tiny but rich European Low Countries of Belgium, the Netherlands, and Luxembourg (population 27.5 million) than to China, Mexico and India combined (population 2.5 billion). Labor and regulatory costs are obviously higher, much higher, in the smaller European countries (higher even than in the United States), but those higher costs are more than offset by the huge advantages that companies enjoy by operating in a rich, open and relatively free economy.
Kind of puts things in perspective.

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