Writing in the Wall Street Journal, analyst Jason Zweig has come up with a unique prediction—The US, and by extension, Canada are becoming the next hot emerging market. He quotes emerging market expert Antoine Van Agtmael as saying  that China is starting to worry about competition in manufacturing from the United States. Why? Because labour costs in China have been rising  at approximately 15% annually, while wages have been stagnant in the US for many years . The other factor he says is the glut of domestic oil and gas that  has improved the US balance of payments and made it more competitive. The United States leads its competitors in the use of robotics, and cutting-edge technologies like three dimensional printing. At least 200 companies report they have relocated from offshore locations back to the United States. According to Mr. Van Agtmael, “A decade ago nine out of 10 companies would tell you they were thinking about building their next plant in China…Today it’s more like three out of 10,”. He added, “the idea that manufacturing is old fashioned, is itself old fashioned.”

John Best had enjoyed a lengthy media management career, in television and radio and now print. As Vice President, News at CHCH in Hamilton, John oversaw a significant expansion of the news operation. He founded Independent Satellite News, Canada’s only television news service providing national content to Canadian independent TV stations. John is a frequent political commentator on radio and television, a documentary producer and author of a book and numerous articles on historical and political subjects. John is a past recipient of the New York Festival’s award for writing in the International TV category.

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