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SUMMER SCHOOL 6: Trade & The Better Life
Planet Money
Our Industry Follows Poverty, Says Luis Restrepo
Cost of labor in Colombia is many times what it costs in a place like Bangladesh. The better off Colombia gets, the less sense it makes for global apparel companies to manufacture here. Partly because of increased competition from Asia over the past decade, Restrepo says he's had to cut his staff by 10%.
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