When everything is made by machine, it will be built where transportation costs will be lowest and taxes are lowest. If we have low business taxes in the US and an item is completely made by machine, why not make it in the US for the US market, and save all those shipping costs?
In fact, why not make the same identical item in whatever large markets to which it is being sold, assuming tooling expenses continue to fall?
El-Arian is extremely well respected on Wall Street.
In fact, he has near guru status.
Great article.