However, the term has come under fire primarily due to the increasing strength of many southern countries. China, India, Brazil and the Asian tiger countries' economies have all seen substantial economic growth, with china achieving 7% in the past year. It is therefore seen as outdated to view these countries as uncompetitive and structurally disadvantaged, particularly given the huge levels of exports in comparison to developed countries with major current account deficits such as America. Due to these countries low wages, high productivity levels and lack of regulation they are seen as having perhaps even an advantage over many developed economies.