ECONOMICS
PROPERTY RIGHTS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -Answer: 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.
Detailed explanation-2: -United Nations Conference on Trade and Development (UNCTAD) Established in 1964, UNCTAD promotes the development-friendly integration of developing countries into the world economy.
Detailed explanation-3: -How do developed countries maintain an advantage over developing countries in international trade? They maintain high tariffs on the agricultural goods that many developing countries export. What has contributed to the increase in labor migration during the recent period of globalization?
Detailed explanation-4: -Generally, birth rates are lower, people have a longer life expectancy, and individual income is higher. There is also better access to services like health care, education, electricity, and other amenities. Living in a developed country also frequently comes with a larger degree of personal security.