China is losing its cheap labor advantage, opening opportunities for growth in the manufacturing sectors of countries like Nicaragua.

According to a report by Stratfor, a geopolitical intelligence firm based in Texas, “China‘s economic problems have opened the door to 16 different countries, including Ethiopia, Mexico, Indonesia and Peru, to become global forces in the growth of the manufacturing sector, “noted an article in Americaeconomia.com.

Stratfor says that the 16 countries after China, according to their region are, in Latin America: the Dominican Republic, Mexico, Nicaragua and Peru, in the Indian Ocean Basin: Ethiopia, Kenya, Tanzania, Uganda, Bangladesh, Sri Lanka, Indonesia and Myanmar , and in the periphery of the South China Sea: Cambodia, Laos, Philippines and Vietnam.

“The dispersion of the industries which we see as signs of an initial phase of economic growth is already underway. Moreover, there are no extreme blocks for higher economic growth, however, some of these countries would be considered as having low levels of political risk and stability at least, no more than what China would have had in the period 1978 – 1980 “, says George Friedman, chairman of Stratfor.

Source: americaeconomia.com