The countries with the infrastructure, and skilled population, to create a lot of major exports are rapidly getting more expensive as their cost of living increases. This, on top of the extra over-head of shipping across the planet, is causing a lot of industries to seek manufacturing bases closer to home. A number of higher end industries are returning to the US, others places like Mexico and Brazil.
Wow. I had no idea Mexico was such a major player in exports.
The countries with the infrastructure, and skilled population, to create a lot of major exports are rapidly getting more expensive as their cost of living increases. This, on top of the extra over-head of shipping across the planet, is causing a lot of industries to seek manufacturing bases closer to home. A number of higher end industries are returning to the US, others places like Mexico and Brazil.