Asked by RAGHAV AGGARWAL on Sep 27, 2024
Verified
Foreign direct investment can result in exploitation of labor, particularly in export processing zones.
Exploitation
The unfair use of someone's work or resources, often without proper compensation or regard for their wellbeing.
Foreign Direct Investment
A company or individual from one country putting money into business interests in another nation, either by setting up business operations or by purchasing business assets.
Export Processing Zones
Special areas within countries where imported materials undergo processing or manufacturing before being exported again, typically benefiting from incentives like tax exemptions.
- Understand the impact of foreign direct investment on labor standards.
Verified Answer
Learning Objectives
- Understand the impact of foreign direct investment on labor standards.
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