Answer:
other industrial powers = industrial economic
transformed = reformed
whilst = meanwhile
has been moving = conveyed
low wage countries = cheap labor countries
key ingredients = critical components
Final:
The United States, Germany, Japan, and other industrial economies are being reformed from industrial economies to knowledge and information-based service economies, meanwhile manufacturing conveyed to cheap labor countries. In knowledge and information-based economy, knowledge, and information are the critical components in creating wealth.
or
The United States, Germany, Japan, and other industrial economies are being reformed from industrial economies to knowledge and information-based service economies, while manufacturing is being passed on to cheap labour countries. In knowledge and information-based economy, knowledge, and information are the fundamental components for creating wealth.
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