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Unformatted text preview: - Some governments attract foreign markets and some don’t. East Asia, Hong Kong, Singapore, South Korea, Taiwan and India attract foreign investments. On the other hand, Guatemala and Africa do not attract the foreign investment because they don’t have much skilled labor available. 1. Guatemala : 54% don’t complete 5 th grade; 40% work for < $1/day 2. South Korea : 98% finish high school; < 2% work for < $1/day In Africa, Latin America, and Eastern Europe income has NOT increased from 1960 while other countries went from sweat shop in 1960s to industrial power in 2000s....
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- Spring '14
- World War II, foreign investments