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United Nations Report Says Developing States Are in Labour-Intensive Trap.
Byline: Parista Yuthamanop
May 7--Developing countries risk losing trade as they are competing to sell labour-intensive products, according to the United Nations Conference on Trade and Development (Unctad).
Mainly because of global trade growth in the past two decades, these countries have rapidly expanded their exports of products made by both skilled and unskilled workers.
However, their labour-intensive and assembly-type operations create little in the way of value-added products, Unctad says in its Trade and Development Report 2002.
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Source: HighBeam Research, United Nations Report Says Developing States Are in Labour-Intensive...