Ah, I knew there was a catch. As it is not on your website I guess it is not out yet?
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I know its only an illustration but what is this industry where you can buy something for $5 in one country and sell it on for $105 in another without any additional costs and make a profit of $100 ??
pic.twitter.com/0BBadFOlJI
Then there is the question to what extent are Northern MNCs direct employers of low wage labour by subsidiaries (rather than in the supply chain). Not so much. e.g. this is data for US MNCs from BEA https://docs.google.com/spreadsheets/d/e/2PACX-1vRSSYm5AZQm6Bm2Y0se4EVTYV0dlDgqNEc704ntWK5BsC4MvZHAFFffEN5dAWkcd6ugxWSbJA6aEXaQ/pubchart?oid=394200345&format=interactive …
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Those figs look like expat labour? Maybe some dev economists can say if MNCs directly employ few local staff and instead mostly operate via ind local firms? Would poss be more flexible and avoid additional costs of direct employment.
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No these are BEA figures for employment abroad by subsidiaries of US multinationals. 28 million people. Companies like Nike employ few manufacturing staff directly. Outsource production to contract factories.
End of conversation
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