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division of labour |
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division of labour
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| China (20 companies) and Mexico (14 companies) are the top two favored relocation destinations, suggesting that many Japanese manufacturers, especially within the automobile industry, are venturing into the two nations due to an increased international division of labor. The Asian countries must overcome the prevailing bilateralism to be able to benefit from the international division of labor more than has been the case thus far. Tucked away in a late paragraph of the lengthy and statistic-filled document was the following admission: "It is obvious and undeniable by any trade theory that progress in the international division of labor between Japan and China benefits both countries. |
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