Outsourcing set to leave China for Indonesia
28 August 2012
The days of taking advantage of cheap labour and outsourcing in China are numbered and companies need to look at other countries, according to a professor of economics.
David Foot, from the University of Toronto, said China's population growth would slow in the next decade and as the country became more industrialised and technologically advanced, wages would soar.
This was in stark contrast to countries such as Indonesia, India, Brazil and Pakistan, where the population was exploding and young workers would need jobs. These...