Business: offshoring, reversed
Self-tutoring about international business: the tutor mentions a current issue with offshoring.
US economic complexity is 14th in the world; Taiwan (Chinese Taipei) is 3rd. How the Americans let this happen might boggle one’s mind, if one cares to think about it. Most apparently don’t.
Now, Taiwan Semiconductor Manufacturing Co. wants to produce chips in Arizona, but warns that may be delayed because of a lack of skilled workers available there. This might hardly be surprising; at home, in a country of around 24 million people, Taiwan can apparently count on a more highly developed work force: once again, its economic complexity is 3rd worldwide, vs 14th for the US.
The US used to import talent from all over the world to keep its global edge. Perhaps it needs to continue doing so.
Source:
Jack of Oracle Tutoring by Jack and Diane, Campbell River, BC.
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