Question

why do developed countries went developing countries to liberlise their trade and investment? what do you think should the developing countries demand in return?


CLASS -10 ,SOCIAL SCIENCE ( ECONOMICS) CHAPTER:-4 , EXERCISE:-QUESTION-5 ​

Answer 1

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Developed countries want developing countries to liberalise their trade and investment because then the MNCs belonging to the developed countries can set up factories in less-expensive developing nations, and thereby increase profits, with lower manufacturing costs and the same sale price.

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Answer 2

Explanation:

Developed countries want developing countries to liberalise their trade and investment because then the MNCs belonging to the developed countries can set up factories in less-expensive developing nations, and thereby increase profits, with lower manufacturing costs and the same sale price.