Jewelry); to take advantage of emerging investment
opportunities in host countries (Saha Union); and to relocate to
a low-cost country.10 Labour-intensive production (e.g.
garments) is gradually being relocated to countries with
abundant low-cost labour, such as Cambodia and Lao PDR
(Ministry of Foreign Affairs of Thailand and the United Nations
Country Team in Thailand 2005, p. 40). For instance, Saha
Union’s investment in textiles manufacturing in China was
motivated by the cost factor as was Pranda Jewelry’s investment
in neighbouring countries.11