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Write a Note to Explain the Effects of the Following: the Decision of Mncs to Relocate Production to Asian Countries. - Social Science

Short Note

Write a note to explain the effects of the following:
The decision of MNCs to relocate production to Asian countries.

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Solution

The decision of MNCs to relocate production to Asian countries led to a stimulation of world trade and capital flows. This relocation was on account of low-cost structure and lower wages in Asian countries. It also benefitted the Asian nations because employment increased, and this resulted in quick economic transformation as well.

Concept: Making of a Global World - Rebuilding the World Economy
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APPEARS IN

NCERT Social Science - History India and the Contemporary World 2 Class 10 CBSE
Chapter 3 The Making of a Global World
Q 3.5 | Page 78
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