Competitiveness in the International Electronics Industry Essay

Competitiveness in the International Electronics attention - Essay ExampleThe author Morri tells us that though the electronic persistence is fairly sm all in all in the Dominican Republic by global standards, it implements however about 10,000 workers and contributes to about 5 percent of gibe Dominican exports (8). He further states that the electronic effort is by far the most important industry for a small economy (8). But in order to profit the competition in the electronic industry, the manufacturers in the electronic industry must learn to work together with the public sector to increase the competition position of the industry (Morri 9).The Dominican Republic has to meet the challenges of the public demands in order to get a line their competition in the electronics industry. The number of workers employed tells us how much is going into the export part of the trade.In order to accomplish competitiveness in the electronic industry, certain factors must be adhered to m uch(prenominal) as the improvement in the quality and the cost of the electricity write out. Assistance with both local and international supply sourcing issues including possible common import purchasing and horizontal integration for inputs such as fabricated metals and moldings. In addition, the encouragement of domestic and foreign investment in critical local suppliers in such areas such as sheet metal fabrication, printed circuit boards, transformers, and general electronic component distribution (Morri 9).In Latin America, there is extensive foreign investment in the sector by companies such as Verizon, Tricom, centennial and Cable and Wireless and the cost of a T1 which is a high speed internet is the lowest priced in the whole of Latin America (Morri 16). On the other hand, Guatemala, Honduras and Nicaragua have competitively low labor pass judgment per hour, but they are not currently considered a competitive threat to the Dominican Republic because all three countries lack a secure environment (Morri 24).In the above scenario, foreign investment in the Latin American companies makes it possible to guarantee low prices on certain commodities and labor being flashy makes it not a very feasible environment and so lacks the basis for a competitive environment. some other country that is ideal to examine would be the Chinese and Mexican market in relations to the US market. These two countries supply a parcel of their goods to the US markets. According to Morri (9), China and Mexico supply a lot of their electronics to the US markets. In doing so, the global supply chain from the US to Asia threatens competition including low levels of linkages existing amid the electronic manufacturers and the lack of industry expertise in the policy making and FDI promotion framework (Morri 10). The US markets are highly dependent on countries such as Mexico and China to provide a simmer down supply of electronic goods.Another important factor in increasing compe tition in the electronic industry is to create a one-stop-shop to streamline red tape. Increase image of electronics and the electrical industry locally. Also, employ or train electronic industry experts in policy and FDI promotion. In addition, build electronic industry support infrastructure for industry investors including offering investors full pre-, during- and post investment services and support. It would also benefactor to decrease exit as well as entry barriers to increase investor confidence (Morri