1. Globalization and Development
For example, a car could be designed in Germany, the car's silicon chips made in South Korea and the assembly of larger electronic components done in Malaysia, mechanical parts made in Mexico, the main car assembly done in Eastern Europe and the marketing, distribution and retail responsibilities going back to Germany. Multinational production capitalizes on the resources and skills available in different places, making cars cheaper. It also brings new jobs and technology to different countries and makes profits for the car company that can be re-invested in making ever better cars. ...
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- Grade Level: Graduate