Wednesday, September 20, 2017

"exporting Foxconn’s Chinese strategy is virtually impossible"

NYT:

Before the Taiwanese manufacturing giant Foxconn pledged to spend $10 billion and create 13,000 jobs in Wisconsin, the company made a similar promise in Brazil.

At a news conference in Brazil, Foxconn officials unveiled plans to invest billions of dollars and build one of the world’s biggest manufacturing hubs in the state of São Paulo. The government had high expectations that the project would yield 100,000 jobs.

Six years later . . . “The area where Foxconn said it would build a plant is totally abandoned,”

...

What makes Foxconn’s Chinese operations really hum are the extraordinary level of government subsidies and support, and the sheer scale of those operations