Question
Using your understanding of the Solow growth model, illustrate and discuss the economic trajectory such change mentioned in the excerpt below will have on the
Using your understanding of the Solow growth model, illustrate and discuss the economic trajectory such change mentioned in the excerpt below will have on the US economy. Should the Chinese be welcomed to engage in such activity here in The Bahamas?
More manufacturing jobs are coming soon to America, courtesy of China.
In October, Chinese garment manufacturer Tianyuan Garments Co. sealed a deal to acquire a defunct 100,000-square foot metal fabrications plant in Little Rock, Arkansas.
The $20 million investment would make Tianyuan -- which produces clothes for brands like Adidas, Reebok and Armani -- the first Chinese manufacturer to make clothing in the U.S.
The Chinese firm expects to hire 400 American workers to run the refurbished factory, slated to open in late 2017.
Tianyuan Garment is the second Chinese company in a span of six months to announce it was expanding production to the U.S.
In April, Chinese paper products maker Sun Paper Industry said it was opening its first North America factory in South Arkansas, investing more than $1 billion to construct a new bio-products mill that would create 250 local jobs.
Likewise, China and the Bahamas have seen sound development of their relationship, enhancement of political mutual trust, advancement in cooperation in various fields, and increasingly frequent people-to-people exchanges since the establishment of their diplomatic ties, said Cai Dafeng, vice chairman of China's National People's Congress (NPC) Standing Committee, during a visit to the country on Sept. 19-21.
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