Tuesday, November 22, 2011

Why is there not there factories ect run by the richer nations in all the 3rd worls countries?

As this is how china has established them selves and got out of poverty.|||A company's choice to locate it's business in a Less Developed Nation is influenced by more than low wages. Other considerations include infrastructure (ability to manufacture and move your goods, communicate), security, and occasionally issues such as policy and corruption. There are some Less Developed Nations that have low wages, but also have very poor infrastructure or security, or charge too much in taxes, or outright ban foreigners, so it's not worth the trade off for low wages.|||There are. Just look at the labels on most items of clothing. It will say "Made in..." and list one of several dozen different countries.





Many third world countries have factories from western corporations where products are made or assembled.

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