At Home & Abroad

THE STATE OF OVERSEAS MANUFACTURING

Most foreign economies, including economic superpowers like China and Brazil, are not enjoying manufacturing growth similar to the United States. In fact, their manufacturing appears to be contracting.

According to research from the Boston Consulting Group (BCG), a global consulting firm specializing in business strategy, the difference between the United States' and China's manufacturing costs has narrowed to less than 5 percent. BCG cited wage increases in China, unfavorable currency swings and rising energy costs as reasons for the narrowing difference.