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East Asia and Pacific

Are China’s factories running out of workers?

One of the defining myths of modern China - that it has a bottomless well of unskilled, low-wage laborers - is coming apart at the seams. And hardest hit are the southern coastal cities that produce much of America's consumer bounty.

As migration trends and personal preferences shift, the employment and incentive policies of Chinese factories will have to adapt to new labor pools if they want to remain competitive.

The potential of the Chinese consumer

Morgan Stanley chief economist Stephen Roach discusses some surprising data emerging out of a recent Gallup poll in China. He sees amazing potential - once some key constraints are overcome. Mainly the urban-rural gap and building a new safety net.

Future international business trends

According to the latest McKinsey Global Survey, top global executives believe that the growing number of consumers in emerging markets (and the resulting changing consumer tastes) will be the most important trend for global business during the next five years.

Chindia’s surprises

During the PSD Forum we asked Yasheng Huang of MIT (who is Chinese) to talk about what China can learn from India. We then asked Sridhar Ramasubbu of Wipro (who is Indian) to talk about what India can lean from their northern neighbors. Joerg Wuttle of BASF also gave his perspective on the Chindia debate.

2006 Webby Awards

The nominees for the 2006 Webby Awards have been announced. Two notable nominees: the World Bank’s YouThink! for best advocacy site, and for best business (for development) blog. You can cast your vote through the People’s Voice option.

Is China eating Latin America’s lunch?

Probably not, according to panelists at today’s PSD Forum. Preliminary findings from a World Bank study indicate that while China does represent a competitive challenge to Latin America as far as economic growth is concerned, the picture is much less dramatic than the current level of discussion would indicate. Pravin Krishna of SAIS gave a close look at the data. To pick three findings:

Asian lessons for Africa?

The first session of today’s PSD Forum focused on ‘where the world is going?’ The conversation quickly turned to Asia and changing global dynamics. During the Q&A period Nigel Twose, a FIAS colleague bases in Johannesburg, very appropriately pointed out that none of the panelists had yet discussed Africa.