It seems number really matters. No country can compete with China and India's massive population of well over 2 billion people. This is a hub for cheap labour and all other factors for factories to thrive. The current financial crisis will cause a little dent in the rapid growth of China and India economic growth. These countries among others have benefited tremendously from migrating factories and businesses from the US and other countries with higher labour cost. The ironic thing is that the man in America that lost his job to migrating businesses will have his spending power diminished, thus he cant buy the goods from the factories that have now set up shop in China and India thus affecting their economies. The labourers in China and India among other countries are now demanding higher wages and there is about to be some "freeing up" on the Chinese currency putting further pressure on their goods but with 2 billion people I don't think these countries have anything to worry about just yet.
The US presidential election candidates are focusing on the working class of America that have been affected by the movement of business from the US to developing countries. They would have to come up with something else because whether it is high tech or low tech the competition from all over the world is so strong we will not see any change in the next ten years.
With the globalisation effect manufacturing companies had no choice but to stay alive by migrating but this will finally take its toll. It cannot continue with out any serious domino effect - we are seeing some of this in the current financial meltdown.
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