The Reaction
In my last
Blog I described how our industries collapsed under the threat of low-cost
foreign competition, and now I’ll consider if we were ‘innocent bystanders’ in
the situation…..or whether we were complicit in our own downfall.
There was
of course, some truth in our protestations.
The huge
price differentials that were being achieved were in no small part due to the
enormously reduced labour rates in the countries that were emerging, and their
quality was indeed inter...
Continue reading ...