Monday, April 7, 2008

weak USD influencing EU to outsource mfg jobs to USA

Article says that the weak dollar is influencing EU companies to outsource manufacturing jobs to the USA, to make products for US customers.

The article misses the point that this manufacturing in a country for its own customers, thus this does not increase US exports, it just stops some US imports. This is different animal than a Chinese factory or Indian software development center making product for global (mainly US) customers.