“The relocation of industry to low-wage countries stimulated world trade and capital flows.” Justify the statement. -SST 10th

“The relocation of industry to low-wage countries stimulated world trade and capital flows.” Justify the statement. -SST 10th
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(i) MNCs shifted their production units to Asian countries because of cheap labour and low wages.  (ii) Availability of raw materials and a large market.  (iii) Effects: It stimulated world trade and flow of capital. Countries like India, China and Brazil underwent rapid economic transformation. It generated employment opportunities and introduced competition in the domestic markets.  
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