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Developing countries may address the surges in their labor forces by investing in education and vocational training to enhance skills and employability. They can also promote economic diversification and entrepreneurship to create new job opportunities in various sectors. Additionally, implementing effective labor policies and fostering foreign investment can help absorb the growing workforce and stimulate economic growth. Finally, leveraging technology and digital platforms may facilitate job creation and access to global markets.
What else can I help you with?
Advantages of developing countries?
Developing countries have the ability to set their own paths. They can choose to offer cheap labor in order to strengthen their economy.
Why are so many of our clothes made in developing countries?
Many clothes are made in developing countries because labor costs are lower there, making production cheaper for companies. Additionally, these countries often have a large workforce with the skills needed for garment manufacturing.
What can you do to stop child labor in poor developing countries?
The simple answer is - make it illegal to emply anyone under 16 !
What is the primary effect of outsource on a developing nation?
unemployment
How labor productivity may vary between countries?
it varies because of economics growth. education is the main focus. And in developing country there are many unskilled worker. then developed countries.
Which of the following best describes the effort of outsourcing on the labor market in the US?
Competition for jobs increases and wages go down.
What has the author Lyn Squire written?
Lyn Squire has written: 'Labor force, employment and labor markets in the course of economic development' 'Employment policy in developing countries' -- subject(s): Underdeveloped areas, Manpower policy, Labor supply
Why are so many of our clothes made in developing countries, and what factors contribute to this trend?
Many clothes are made in developing countries because of lower labor costs, less strict regulations, and access to raw materials. Factors contributing to this trend include globalization, outsourcing by companies, and the availability of skilled workers in these countries.
What Best explains the effect of immigration in the labor market?
buy one get one free
What is a typical Marxist's view on the WTO?
The World Trade Organization seeks to develop trade between countries. One consequence of globalization is the exploitation of developing countries' resources and labor, which a Marxist would certainly be opposed to.
What are the effects of migration on the labor force?
Immigration increases the supply of labor
Why is an economic advantage for a developed nation often a disadvantage for a developing nation?
The low cost of labor in a developing country makes it possible for the developed countries to use this resource. This provides employment, but at a low wage. A good example of this is Wal-Mart. People in developed nations enjoy extremely low prices on Wal-Mart products, but the developing countries suffer at their expense. Workers are paid little because there is a large pool of ready labor. Profits for developed nations mean long hours and low pay for workers in developing nations
