For slowdown in economic growth and poor employment rate solution can be found elsewhere in China and India suggests Business Week. The economy news magazine sees opportunities for American products in under developed countries.
The key to success is niche products with a greater degree of difficulty in the manufacturing process. Hence these products cannot be replicated or discounted. Cutting edge technology can yield robust order from less developed countries.
Countries like India and China will always maintain economic growth in the near future. Setting up plants in these countries will be an effective cost cutting exercise. The strategy will result is robust growth for the US concerns.
The key to success is niche products with a greater degree of difficulty in the manufacturing process. Hence these products cannot be replicated or discounted. Cutting edge technology can yield robust order from less developed countries.
Countries like India and China will always maintain economic growth in the near future. Setting up plants in these countries will be an effective cost cutting exercise. The strategy will result is robust growth for the US concerns.
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