Question

In the context of international trade, India, China, and the Philippines attract multibillion-dollar investments because: a. they are more developed than any other developed country in the world. b. the level of risk associated with establishing business relationships with firms belonging to the Asian market is minimal. c. the value of euro is lower in the Asian market than in the American market. d. they have a large cohort of technically skilled university graduates who work for about one-fifth the pay of comparable American workers.

Answer 1

Answer:

d. they have a large cohort of technically skilled university graduates who work for about one-fifth the pay of comparable American workers.

Explanation:

In the context of international trade, India, China, and the Philippines attract multibillion-dollar investments because: they have a large cohort of technically skilled university graduates who work for about one-fifth the pay of comparable American workers.

One of the major attractions of international trade is the exploitation of intellectual property and skills.

In China for example, research has shown that one major reasons why international trade grew was as a result of the number of Chinese workers, and the fact that they produced a sharp, sustained increase in productivity (that is, increased worker efficiency). Not to mention that the cost of labor was far cheaper than in America or Europe.