globalisation of manufacturing- geo factsheet 86

Question 1

what are the benefits of manufacturing in NEEs/LICs?

Answer 1

-lower labor costs
-lower business taxes
-cheaper land
-fewer environmental
controls

Question 2

what is a benefit in manufacturing in HICs?

Answer 2

higher quality employees due to better education

Question 3

what does more trade lead to?
+and-

Answer 3

->greater wealth->faster development->higher living standards

->decline in domestic production
->increased unemployment
->labour migration

Question 4

what is agglomeration?

Answer 4

the joining/assembly of things e.g. countries

Question 5

what is indirect investment?

Answer 5

investing in stock markets
-long term injection of capital/resources into a NEE that doesn’t have enough capital/resources