How will a rising Asia lead the way?

Garment factory workers making men's suits in a factory in Hanoi. Vietnam has become a hub of labour-intensive manufacturing for export, attracting greenfield investment into its cities.
JULY 15, 2019 - 5:50 AM


ONLY 18 per cent of today's goods trade involves exports from low-wage, traditionally Asian countries, into high-wage countries. This figure is not only far smaller than most people assume, but it is declining across many industries.

The question is no longer how quickly...