First, as companies and consumers around the world cut costs and trade down, the emerging giants' low-cost production models, based on cheap local Labour, provide even more of an advantage.

首先，由于全球企业削减成本，消费者减少消费，新兴大企业所采取的以当地廉价劳动力为基础的低成本生产模式使其占据了更多的优势。

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Knowledge of Local Labour and Employment Regulations.

具有本地人力和雇佣法的知识。

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Standards differ: some companies treat their workers badly, but most of the big state-owned companies genuinely seek to respect local Labour laws.

标准不同的是：一些企业给工人的待遇相当糟糕，不过大多数国有大型企业着实会严格遵守当地劳动法的要求。

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And then there is the stench of local Labour politics in Newark to consider.

ECONOMIST: Politics

Stan Jones, the organiser for the local Labour Party, asks whom I would like to meet.

ECONOMIST: An Italian in Liverpool

Martina helps out for free at the local labour exchange to keep herself sane.

ECONOMIST: Our former Frankfurt correspondent looks back