1- The statement is true. The very low salaries that workers receive in developing countries is a factor that western companies take advantage of to move their production there.
The very low salaries that workers receive in developing countries is a factor that western companies take advantage of to move their production there.
Uganda, an African country, has the lowest minimum wage in the world, at only 0.01 dollars per hour or 22 dollars per year. The cost of living in that country is very cheap.
In Georgia, the minimum wage in the private sector is only $ 0.05 per hour ($ 8 per month, or $ 96 per year). However, the State pays an official minimum wage of $ 48 per month.
Kyrgyzstan is a great place to do business, partly because of low salaries. The minimum wage here is $ 0.09 per hour, which equals $ 181 per year.
In Bangladesh, most of the population works in agriculture. In this Asian country labor costs are very low, since the minimum wage in the agricultural sector is 0.09 dollars per hour or 228 dollars per year.
Tanzania is a developing country, so it has neither good infrastructure nor the ideal conditions to do business. But labor is very cheap, since it charges $ 0.1 per hour, or only $ 240 per year.
In The Gambia, the economy depends on agriculture, tourism and fishing. The minimum wage here is $ 0.13 per hour or $ 317 per year.
In Guinea-Bissau, agriculture is the leading sector of the economy, while fishing and the cultivation of cashews are the basis of exports. The minimum wage here is only $ 0.17 per hour, which in annual terms is $ 372.
In Malawi, the economy depends on donor assistance, particularly from the IMF and other countries. Labor in this East African country charges very little, $ 0.17 per hour, or 412 per year.
Liberia is the United States' main ally in Africa and one of the fastest growing economies in the world. However, the minimum wage here is extremely low, at only $ 0.17 per hour or $ 435 per year.
The Democratic Republic of the Congo is one of the countries richest in natural resources in the world, but its inhabitants do not benefit from it. The minimum wage is only 0.2 dollars per hour, about 472 dollars per year.
2- The statement is false. 2. The increase in development in the least industrialized countries is always good, since it brings as a consequence the improvement in the quality of life of the populations.
3- True. The production of coffee in the world is perhaps one of the largest and most profitable after oil. Its average consumption is 100 million bags per year.
It is estimated that some 25 million people in the world are engaged in the collection of coffee, while the distribution and sale of the beverage is concentrated in a few companies. According to the Colombian Federation of Coffee Growers, of the 200 billion dollars produced by the coffee trade each year, less than 10 percent is the payment received by farmers. One pound of the grain, which yields up to 60 cups, is paid at $ 1.31, while a cup of the beverage costs $ 3.5 in the United States and Europe.