Counterfeiting of electronic part is from SMT Magazine October 5, 2010.
Conterfeit medicine is on United States TV all the the time
Go to YAHOO and enter Counterfeit Medicine
Gray Market for Electronics is in EBN 12/21/2010
Anymore question? Let me repeat, United States is losing control. The world buys US and Japaness product because these countries can be trusted. Quit trying to be politically correct and face the facts. What facts? your figure out the facts. The worlds manufacturing is out of balance, out of control just for the sake of dollars.
There are many different ways to look at this, as readers point out. I guess what I find frustrating it US companies' willingness to take credit for great global sales, yet get snarky when other regions outpace our performance. I lean toward readers' observations that if the US is lagging, it's our own fault. It is true that it is not all businesses' fault, the US government has made it difficult for US manufacturing to be lowest cost. But let's not forget most of the folks buying our products are not on these shores. It's disappointing, but it is a reality.
The United states is losing control of the world manufacturing. Counterfeiting is in all areas of manufacturing. Gray Market electronics, this Gray Market will filter into the US Areospace and Military Electronic Equipment. We are seeing the tip of the iceberg with counerfeiting. Not to mention 10% of the worlds medicine is counterfiet.
Govenments in other counties don't care, they just what to make money and control the manufacturing.
This is an excellent article. It is true that we all succeed globally as long as one or two major markets are thriving. The U.S. consumers need to realize that we are a global economy. We are as much an importer as we are an exporter. It is understandable that people feel the U.S. needs to remain dominant in the manufacturing industry, yet they fail to realize that if we can replace these jobs with other jobs in different areas we can thrive.
Rightly said! US is the originator of this complete business cycle and all others are just the implementors and beneficiaries from the business generated out of the initiatives coming from US. The core R & D still happens in US and China & India only participate in the applied R & D. And I think the main driving force behind the US core R & D is the defense and space initiatives of the US federal govt.
Barbara, as a part of globalization all most all the countries had opened their internal markets for foreign investment with red carpets & other attractive soap facilities. Some of the key factors of globalization are they can take the advantages of economic growth, availability of skilled manpower, low labour cost, availability of raw materials etc. Since everybody wants to gain the advantage of these factors for their growth, companies had expanded their foot print outside the territory.
Fortunately or unfortunately, only the developing nations (china, India, Singapore etc) got much advantage of this globalization scenario. They got the presence of big brands, more jobs are created, better economic growth for country and citizens, better living standards etc. Unfortunately their presents in multiple locations, forced them to cut down their existing operational size, which affected the economic condition of developed countries.
In my opinion, countries like US, Europe etc have to come up with some key policy and guidelines for attracting investments, which can in turn generate better economic growth and job opportunities
Electronics industry is so global because regional distinctions plays major role. Typical product life cycle is, US will come up with idea and investment, design is done in India or China, Manufacturing is done in Singapore/China, packaging is done in China/malaysia. Its all a cycle. I still feel optimism among US CEOs has tremendous impact on this cycle though things are slowly chaning.
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