Originally posted by TinTrump
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One important variable was left out in the manufacturing equation.It is economical to manufacture where you have got
1)Cheap raw material (Pre WW2, our colonies in Asia and Africa provided at no cost. We don't have the mineral resources unfortunately)
2)Cheap labour : We either do not have enough skilled labour or they are costly.
The japs dominated the 80s but have started moving their base to China & India because of 1 & 2 .
Probably because of 1 & 2 we started focussing on services sector but again we are again losing out on 2.
High Tech :We still are one of the biggest arms exporter but came across this interesting article
http://www.defencetalk.com/first-mad...nveiled-22236/
Why are we importing armoured vehicles from Singapore? Cant we make them here ? Now we neglect the high-tech sector and depend too much on EU/USA for our needs.
Compare the progress of Chinese/Indian space programmes with ours (don't consider the ESA).
We just don't have the aspirations any more as a nation.
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