1. 
   
2. As I say, we could spend a lot of time on these three issues.
3. But you should be aware of them.
4. And they pose unfair competitive problems to agricultural producers in
5. developing countries.
6. should be familiar with.
7. First of all, agricultural products are subsidized.
8. That is to say they are given money from governments in the United States,
9. in Europe, in Korea, in Japan, so as to help foster farms.
10. That's a form of unfair competition, giving subsidies.
11. Second of all, agricultural products in many countries are protected.
12. That is to say it is difficult to export from one country into another
13. country because there are tariffs 
14. and restrictions on agricultural products.
15. This also is unfair to developing countries.
16. And third of all, some developed countries, that is to say some rich
17. countries, subsidize agricultural exports, which also is unfair
18. competition against the agricultural products in developing countries.
19. As I say, we could spend a lot of time on these three issues.
20. But you should be aware of them.
21. And they pose unfair competitive problems to agricultural producers in
22. developing countries.

Based on the reading and Professor Moran’s lecture, the economic benefits the U.S. and most developed countries receive from globalization are estimated to be how many times the costs?

Please select the best option.

Benefits are 2 times the costsBenefits are 4 times the costsBenefits are 10 times the costsBenefits are 20 times the costsStatus: correct

 

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What is the primary reason foreign investors in manufacturing are attracted to developing countries?

What is the primary reason foreign investors in manufacturing are attracted to developing countries?

Please select the best option.

1)loose working regulations

2)abundantlow wage workers

3)equipment and facilities are cheap

4)middle and high skilled is available

answer 4)

EXPLANATIOn

Flows of foreign direct investment in manufacturing going to middle-skill and higher-skilled activities is 14 times great than flows to lowest skill activities. That is, by far the greatest amounts of foreign direct investment in manufacturing go to create auto parts and auto assembly, electronics, chemical and petrochemicals, medical devices rather than simply to create garments, footwear, and toys. Moreover, the proportion of FDI flows to middle and higher skill operations is speeding up over time. Workers in these plants earn 2 to 4 times the wages in lower skill plants, and supervisors, engineers and managers may earn more than 10 times as much – even though such wage levels may still be substantially cheaper than industrial wages in the US, UK, Japan, or Germany.