The Mexican manufacturing sector located near the US border—the maquiladora sector—for example, seems to be recovering from an earlier wave of ‘outsourcing’ to China: bq. From ’00–03, about 900 maquiladoras closed, at a cost of more than 292,000 jobs. But business picked up in June ’04, exporting $7.7bn worth of goods, an all-time monthly high, and companies say they’ll invest $4.5bn in new or expanded operations in ’05, restoring or replacing some two-thirds of the lost jobs. Analysts attribute the comeback in part to resurging US consumer demand, the strong Mexican peso, and problems US manufacturers have encountered with China’s still-young industrial infrastructure. (“AP via The Economic Times (India)”:http://economictimes.indiatimes.com/articleshow/980718.cms)
Peter Gallagher is student of piano and photography. He was formerly a senior trade official of the Australian government. For some years after leaving government, he consulted to international organizations, governments and business groups on trade and public policy.
He teaches graduate classes at the University of Adelaide on trade research methods and the role of firms in trade and growth and tweets trade (and other) stuff from @pwgallagher