Competitive Advantage of “Low-Wage” Countries Often Exaggerated
-
Authors:
Bart van Ark
Catherine Guillemineau
Judith Banister -
Publication Date:
October 2006 -
Report Number:
A-0212-06-EA
When adjusting wages for productivity, the cost advantage to companies of "low-wage" countries and regions such as China, India, Mexico, or Central and Eastern Europe over North America and Western Europe is smaller than you think.