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Indonesia's new president, Joko Widodo, has made no secret of his desire to see his country capture higher-value activities.
There is also massive scope for productivity gains as workers move from low value-added agriculture to higher-value activities.
Despite this, China will continue to have three formidable advantages in manufacturing that will benefit the economy as a whole.First, it is clinging on to low-cost manufacturing, even as it goes upmarket to exploit higher-value activities.
His uninspiring approach to much-needed restructuring and inability to move the company into higher-value activities eroded investors' confidence.In particular, Mr Prescott is blamed for the disastrous acquisition of Arizona-based Magma Copper in December 1995 for A$3.2 billion ($2.4 billion).
Recently a fourth wave of BPO start-ups, many of them funded by American venture capitalists, has been experimenting with the remote delivery from India of all sorts of work, from hedge-fund administration to pre-press digital publishing.In both the IT and the BPO industries, the leading companies in India are fighting hard to win a broader variety of work, particularly higher-value activities.
"We're busy working on a series of new features customers are asking for so they can focus effort away from sensor management and towards higher-value activities like data analysis, threat hunting and incident response," noted Greg Bell, CEO of Corelight, in a statement.
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"We streamline that process and redeploy intelligent creative engineers on higher value activities instead of writing plumbing code to move stuff around," Langone explained.
But in recent years, higher-value economic activity has tended to concentrate in city centres.
The result is that, in each upswing, we find a synthesis of automation, higher wages and higher-value consumption.
Sub-Saharan African countries have experienced these problems for decades: crowding out of higher-value-added activities, pro cyclical macroeconomic policy, an unsustainably rapid depletion of resources, and high volatility in terms of trade.
So Chile must develop other, higher-value businesses.
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