Low Cost Country

We were at this meeting when the chairman popped this question, "Now tell me, which is a low cost country?". This meeting happened in China with participants from UK, US, Switzerland, China, and of course, Singapore. We all know that China is supposed to be the low cost producer of the world, so what on earth was he talking about? And he added that the inflation in China is running at about 10% for the past decade and if this goes on for a few more years, China is going to be as expensive as Europe. Sounds logical.

The answer he provided, "USA".

How true it is. Low USD, skilled labour and management, good infrastructure, juridiction in place, etc...