Question: The graph below (from theThe graph below (from the magazine The Economist) shows China's share of global manufacturing exports along with China's average monthly wages
The graph below (from theThe graph below (from the magazine The Economist) shows China's share of global manufacturing exports along with China's average monthly wages for manufacturing workers. Use your analysis of the sprocket market above to explain (using detailed logic but no math) what you think will happen to China's share of global exports if its manufacturing wages continue to rise, and why. magazine The Economist) shows China's share of global manufacturing exports along with China's average monthly wages for manufacturing workers. Use your analysis of the sprocket market above to explain (using detailed logic but no math) what you think will happen to China's share of global exports if its manufacturing wages continue to rise, and why
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