As english manufacturing is in sharp decline I understand its cheaper making it abroad cost wise but are we in danger of being held to ransom in the future ? And how can a service industry economy thrive long term ? any thoughts on this ?
2007-10-04 22:38:14 · 7 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Same reason all our call centre's are in India or Pakistan. Cheap labour.
I don't think we'd be held to ransom as such; possibly the other way around. Say if we, God forbid, went to war with Iran, China would lose a lot of revenue if it took Iran's side.
That said, I'm sad to see so little of our country's resources used in our country. It's utterly ridiculous.
2007-10-04 22:41:23 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Not really sure what your getting at?
If China is effectively our "supplier" and we are the "consumer" then we have the power of being able to go elsewhere for our good s if we want.... if India starts producing goods cheaper... we'll get them from there! If there was a war and China wasn't selling us anything anymore we'd manage! Manufacturing is something which takes off very very quickly... people can be trained quickly to do it and a lot of it is automated.
However as a service industry it can take years to train staff to a high level and the skills aren't so easily passed on. Also as the world becomes a more affluent place people are sepning MORE on services and LESS on goods. theres only so much "stuff" you can buy! So people are going on more exotic holidays, eating out at restaurants more etc.
2007-10-04 22:49:38 · answer #2 · answered by juicy_satsuma 3 · 0⤊ 0⤋
i replaced into born in England and that i don't comprehend what shops have "long gone below" or are nonetheless attainable... i comprehend that QVC has a television teach there, yet related to paying for something in a save..the Co-Op could be around...they sell each and every thing for a house.My sister works at Debenhams this is the same type of keep..take excitement on your new domicile..remember......wait a minute! I only observed THAT THIS Q got here FROM THE U.ok. while you're already there, why do not you only go searching?
2016-10-06 03:30:38 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Good question, glad to see you query the state we are in.
I agree that we live in a bubble, created by the wealth we amassed long time ago. There is no doubt that one day our bubble will burst. have a star
2007-10-04 22:59:16 · answer #4 · answered by mybeach 2 · 0⤊ 0⤋
Yes, they maufacture goods in other countries while its cheaper, but they still rely on the west for skills training and proffesionalism.
2007-10-04 22:43:04 · answer #5 · answered by Anonymous · 0⤊ 0⤋
dont cry about it buy home grown stuff.
2007-10-04 23:27:40 · answer #6 · answered by bat 2 · 0⤊ 0⤋
Our problems are already stored up m8.................look around you...................its all too late.
2007-10-04 22:48:03 · answer #7 · answered by JJ 2 · 0⤊ 0⤋