History · The Making of a Global World

Why did multinational corporations (MNCs) begin shifting production activities to Asian countries like China during the late 1970s and 1980s? I. The low-cost economic structure of these newly industrializing nations. II. The desire to escape high protective import tariffs in their domestic Western markets. III. The widespread availability of exceptionally high-wage skilled labour. IV. The abundance of relatively low-wage workforce in these developing countries.