Member's received illegal kickbacks. Those kickbacks from oil companies made some members rich men and the scandal broke etc
<span>Employees in France have less motivating force to rapidly look for another position when they are out of a current job position since their joblessness benefits are significantly higher. The mentality is simple "who wants to look for another job when fired when you can get enough money to take care of your daily needs even as an unemployed person with unemployment benefits".Because of this, the government of France does everything it can with regard to labor to make sure that everything is balanced.</span>
Globalization must be expected to influence the distribution of income as well as its level. So far as the distribution of income between countries is concerned, standard theory would lead one to expect that all countries will benefit. Economists have long preached that trade is mutually beneficial, and most of us believe that the experience of widespread growth alongside rapidly growing trade in the postwar period serves to substantiate that. Similarly most FDI goes where a multinational has intellectual capital that can contribute something to the local economy, and is therefore likely to be mutually beneficial to investor and recipient. And a flow of capital that finances a real investment is again likely to benefit both parties, since the yield on the investment is expected to be higher than the rate of interest the borrower has to pay, while that rate of interest is also likely to be higher than the lender could expect at home since otherwise there would have been no incentive to send it abroad. Loose talk about free trade making the rich countries richer and poor countries poorer finds no support in economic analysis.
Townshend Acts was also referred to as Townshend Duties
- Let understand that Townshend Acts is an Act enacted in British by the Parliament passed in the year 1767 and 1768.
- The Townshend Act was enacted in 1767 and notably introduced new measures about collection of indirect taxes by the British officer in US colony.
- However, the colonist were continued to be angered because they knew it is an extension of the Stamp Act which they protested for as a result of increase in direct tax.
In conclusion, the colonist protested the against the Townshend Act because they felt the introduction will bring more hardship to the land.
Learn more about Townshend Acts here
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