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Choose given statement is true/false:

MNCs in the 1970s began to shift production operations to Asian countries.

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Detailed Solution

The above statement is True.
MNCs in the 1970s began to shift production operations to Asian countries. The industrial world was affected by unemployment in the 1970s. The MNCs faced a loss of labour and demand for high wages in the developed countries. As a result, they began shifting their production operations to Asian countries. The Asian nations had higher populations to fulfil the labour demand of the MNCs. As the labour was extensive in Asian nations, the wages were relatively low, leading to huge profits for the MNCs. This made Asian nations an attractive destination for the establishment of MNCs.

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Choose given statement is true/false:MNCs in the 1970s began to shift production operations to Asian countries.