Robots Taking Over U.S. Factories Imperil Emerging-Market Growth
- High-tech manufacturing may return to countries using robots
- Hungary, Czech Repubic, Thailand among countries at risk
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The robot revolution is here, and it’s not all good for emerging-market economies.
As the conversion to more automated factories picks up steam in countries like the U.S., Japan and Germany, there’ll be less factory work outsourced to developing nations with relatively low labor costs, according to a report by Moody’s Investors Service. The impact will be most severe in Hungary, Czech Republic, Slovakia, Vietnam, Malaysia and Thailand.