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Class 10
Social Science - Understanding Economic Development
Globalisation and the Indian Economy
why do developed countries want developing countri...

Question:
Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?

Answer:

Developed countries want developing countries to liberalise their trade and
investment so that their own companies can establish their business in the
developing countries. The manufacturing costs are less in the developing nations due to the availability of cheap labour and other resources at low cost. Therefore, MNCs belonging to the developed nations on setting up industries in the less-expensive developing nations can earn huge profits. Also setting up industries in developed countries increases completion. The developing countries should, in turn, ask for a fair removal of trade barriers in order to protect their own industries.

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Question:
Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?

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Question:
Why do developed countries want developing countries to liberalise their trade and investment? What do you think should the developing countries demand in return?