Unit 5 (changes as a result of the world economy *1)

Question 1

NIDL

Answer 1

New international division of labor
A changed system of employment throughout the world

Question 2

NICs

Answer 2

They want manufacturing companies to move factories to them (get FDIs)

Question 3

To get FDIs, NICs does:

Answer 3

Implements special economic zones (SEZs) which include:
1. Low wages
2. Low environmental standards
3. Low taxes; free trade zones *FTZs and export processing zones *EPZs

Question 4

MDCs

Answer 4

• They are high in technopoles which design and develop ideas for goods
• Deindustrialization because factories leave MDCs and into NICs