The Relocation of Industry to Low-wage Countries Stimulated World Trade and Capital Flows. Justify the Statement.

It is true to say that the relocation of industry to low wage countries stimulated the world trade and capital flows. From the 1970s the MNCs shifted their production operations in the low wage Asian countries where they could maximize their profits. This step of the MNCs again stimulated the world trade and capital flows.

Leave a Reply

Your email address will not be published. Required fields are marked *