Interlinking production across countries from globalisation
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Hey
Explanation:
IT MEANS GLOBALISATION WHICH IS USUALLY DONE BY A MNC COMPANY. IT MEANS THAT RAW MATERRIALS ARE EXPORTED FROM 1 COUNTRY THEN THEY ARE IMPORTED BY SOME OTHER COUNTRY WHERE THE GOODS ARE MANUFACTURED AND THE FINISHED PRODUCTS ARE SOLD GLOBALLY.
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➡Usually, MNCs want to minimise their costs and thus set-up production centres in countries where the factors of production like raw materials, skilled labour, etc are assured at cheap rates.
➡They also look for government policies that look after their interests.
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