Could more American manufacturing move to Latin America due to it's proximity ?Mostly manufacturing declines more slowly in existing centers. Although maybe one or two new centers, perhaps Indonesia?
I’ve read that globalization has lifted a heck of a lot of people out of poverty. I’ve also read that you’ve got to divide the positive effect into China and non-China.. . .more American manufacturing move to Latin America . . .
How about Colombia and Venezuela ?The smaller Latin American countries like Guatemala and Costa Rica, maybe not so much. But Brazil and Argentina, maybe plenty big enough.
Okay, with Venezuela and Hugo Chavez, not that he was a socialist, that can actually work with an oil-based economy,. . . and Venezuela ?
How about Colombia and Venezuela ?
If there's no China then Western manufacturing will be looking for anywhere cheap and reasonably stable. Venezuela already had a long history of US investment and American companies operating there so I'd think they'd be a prime target.
But why would China do another Great Leap Forward? The only people who could conceivably try to repeat that would be the Gang of Four, and their priorities focused more of ideological purging, rather than economic pie in the sky schemes.