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What advantages do nike sweatshops bring to developing countries?
Wiki User
∙ 11y ago
It gives poor families the chance to earn a living and anyone with no experience in work. It lets anyone work there. xp
Wiki User
∙ 11y ago
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What is import substitution?
The import substitution strategy has certain strong points: Firstly, in developing countries there are always large domestic markets for manufactured goods, so developing an import subsitution industry involves a low degree of risk. Secondly, for developing countries, to protect local industries against foreign competition is easier than forcing developed countries to lift trade barriers against manufactured goods from developing countries. However, this strategy also meets with difficulties: Firstly, bad management and technology, and protectionism usually lead to low product quality and high production cost because of a lack of improvements. So it's difficult to require local industries to supply high-quality substitutes for imports. Moreover, in small countries with small domestic industries, carrying out the import substitution strategy is no easy task. Secondly, a lack of capital and new technology has made local industries failed to meet diversified tastes of customers, and has made imported goods cheaper than locally-made counterparts. The export-oriented strategy also has both the pros and cons. In developing countries, low personal income makes the domestic market less attractive, so aiming at larger foreign markets seems to be a good solution which could help to: (1) create more jobs and stabilize socio-political life, and (2) bring in more foreign exchange needed for importing new technologies and increasing manufacturing output. However, countries adopting this strategy meet with a lot of difficulties in gaining a foothold in the world market which is relatively stable and is controlled by more reliable suppliers from developed countries. In addition, developed countries are experts in protecting their labor-intensive industries against products from developing countries with better comparative advantages.
How does comparative advantage benefit developing nations?
Foreign companies bring their businesses there, which raises the standard of living.
What advantages do tncs bring to ledcs and medcs?
provide money for industrial projects,helps develop mineral output,improve energy production,improves roads trains,provides new technology,develops trad links with other countries It improves the countrie's (LEDC's) ecomony.
How are they exported?
its when you bring things to other countries or place like items or boxes or even money
What are the advantages and disadvantages of using currency abroad?
If you bring dollars to India, as one U.S dollar is 49 rupess , then you can find things pretty cheap when you convert it.
What advantages Cyprus bring to the EU?
None
What advantages will Romania bring to the EU?
Today, only loss !
What advantages and disadvantages did the factory system bring to society in the Industrial Revolution?
the advantages is people have strong will and the opposite is strong have people get it?!
What are Advantages and disadvantages of castles during the crusades?
Advantages: Crusaders are able to bring back books fill with knowledge. Also, they bring back goods which spur trade. Disadvantages: They are unable to bring brack the Holy Land and it eventually leads to the Black Death.
What economic advantages did EU membership bring to Southern Europe?
cvds
What are the advantages of having a family?
The advantages of having a family is that you can share your personal life with them, they are the ones who help you when you are in need, they are always there when you need them, especially when you are in trouble and the happiness that they bring or suppose to bring when they smile. that love, compassion and honesty
What advantages does NAFTA bring to member states?
The gradual removal of trade restrictions
What is the importance of food substitution?
The import substitution strategy has certain strong points: Firstly, in developing countries there are always large domestic markets for manufactured goods, so developing an import subsitution industry involves a low degree of risk. Secondly, for developing countries, to protect local industries against foreign competition is easier than forcing developed countries to lift trade barriers against manufactured goods from developing countries. However, this strategy also meets with difficulties: Firstly, bad management and technology, and protectionism usually lead to low product quality and high production cost because of a lack of improvements. So it's difficult to require local industries to supply high-quality substitutes for imports. Moreover, in small countries with small domestic industries, carrying out the import substitution strategy is no easy task. Secondly, a lack of capital and new technology has made local industries failed to meet diversified tastes of customers, and has made imported goods cheaper than locally-made counterparts. The export-oriented strategy also has both the pros and cons. In developing countries, low personal income makes the domestic market less attractive, so aiming at larger foreign markets seems to be a good solution which could help to: (1) create more jobs and stabilize socio-political life, and (2) bring in more foreign exchange needed for importing new technologies and increasing manufacturing output. However, countries adopting this strategy meet with a lot of difficulties in gaining a foothold in the world market which is relatively stable and is controlled by more reliable suppliers from developed countries. In addition, developed countries are experts in protecting their labor-intensive industries against products from developing countries with better comparative advantages. prepared by.Shakir munhakkal
What is import substitution?
The import substitution strategy has certain strong points: Firstly, in developing countries there are always large domestic markets for manufactured goods, so developing an import subsitution industry involves a low degree of risk. Secondly, for developing countries, to protect local industries against foreign competition is easier than forcing developed countries to lift trade barriers against manufactured goods from developing countries. However, this strategy also meets with difficulties: Firstly, bad management and technology, and protectionism usually lead to low product quality and high production cost because of a lack of improvements. So it's difficult to require local industries to supply high-quality substitutes for imports. Moreover, in small countries with small domestic industries, carrying out the import substitution strategy is no easy task. Secondly, a lack of capital and new technology has made local industries failed to meet diversified tastes of customers, and has made imported goods cheaper than locally-made counterparts. The export-oriented strategy also has both the pros and cons. In developing countries, low personal income makes the domestic market less attractive, so aiming at larger foreign markets seems to be a good solution which could help to: (1) create more jobs and stabilize socio-political life, and (2) bring in more foreign exchange needed for importing new technologies and increasing manufacturing output. However, countries adopting this strategy meet with a lot of difficulties in gaining a foothold in the world market which is relatively stable and is controlled by more reliable suppliers from developed countries. In addition, developed countries are experts in protecting their labor-intensive industries against products from developing countries with better comparative advantages.
How does comparative advantage benefit developing nations?
Foreign companies bring their businesses there, which raises the standard of living.
What are the advantages of hyperlinks?
There are many advantages of hyperlinks. The main advantage would be to bring the user to another document of yours whether it is for sales or education purposes.
What are the advantages of including fruits and vegetables in our diet?
They bring roughage, vitamins and minerals into your diet.
