This is an excellent piece which deserves to be read in full. By shifting manufacturing offshoe Hornby has been able to reduce manufacturing costs, of course. But in the process it’s raised total employment in the UK and those jobs here are in hte design side, the high wage end of the business. Oh, and better products and a wider range of them.
The workers there, the workers here, the consumers and the investors all benefit.
Long live globalisation, eh?