HistoryMNCs decided to relocate the production to ____ countries.

MNCs decided to relocate the production to ____ countries.


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    Solution:

    MNCs decided to relocate the production to Asian countries.
    Unemployment began rising in the industrial world in the mid- 1970s. A shift of production operations to low-wage Asian countries was seen in the MNCs from the late 1970s. MNCs decided to relocate the production to Asian countries as the wages are relatively low in Asian countries because they have an excess supply of workers. Most Asian countries have low-cost structures and huge markets.
          
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