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Low-Wage Challenge to Global Growth: The Labor Cost-Productivity Imbalance in Newly Industrialized Countries
Low-Wage Challenge to Global Growth: The Labor Cost-Productivity Imbalance in Newly Industrialized Countries
By: Walter Russell Mead


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study, 49 pages, 8.5" x 11" (saddle-stitched), 1991
ISBN:944826210
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This report critically examines the conventional economic wisdom that low-wage countries must also be inefficient producers. Mead shows how global corporations achieve high levels of productivity using low-wage workers.

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