Indonesia can be a major manufacturing center
Indonesia stands a chance of becoming a major manufacturing center in the region provided that it sticks to its planned agenda on taxes and other reforms, according to a scholar.According to Mark Crosby, an associate professor at the Melbourne Business School, China has now become a relatively expensive place because of its growing manufacturing costs.“Today China is already expensive in most industries. It’s not a cheap manufacturing center anymore. The questions is where businesses are going to move to,” he said during The Economist’s “Indonesia Summit 2015: New Light or False Dawn?”.
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