Electronics Manufacturing in Emerging Markets Will See Five-Year Growth of $60 Billion by 2005
- Topics:
- Electrical and Electronic
- Source:
- Booz Allen Hamilton
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Overview: As the electronics industry struggles to reduce costs and find new growth markets, it is increasingly shifting manufacturing operations to the developing world, with China leading the pack. A new study by the International Finance Corporation (IFC), the private sector arm of the World Bank Group, and management consulting firm Booz Allen Hamilton found that electronics production activity in emerging markets will nearly double, from $65 billion in 2001 to $125 billion by 2005 - and will account for 43% of total worldwide manufacturing growth.
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