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Question
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.
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