ECON 314 Lecture Notes - Lecture 19: Income Distribution, Varity, Sub-Saharan Africa
27 Mar 2018
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Or do they steal the country from its resources (like glencore in zambia). If foreign company comes in and buys company and keeps normal production as before: extreme situations where mnc have bought domestic firms in the same area and gradually shut them down . Mncs have competitive advantage and can drive out domestic firms. Mncs that come in have typically lower borrowing costs (prime rate = lower rate charged for top firms). You can provide smaller machines but less of them are produced and they are produced at higher cost. So this makes no sense: patterns of consumption, social structure and stratification, income distribution and dualistic development. No details about these (6, 7 and 8) Table 14. 1 major remittances-receiving developing countries (by volume and. India: china, mexico, philippines, nigeria, egypt, bangladesh, pakistan, morocco, lebanon, vietnam, ukraine, colombia, russia. Remittances as share of gdp (huge for philippines (10%), bangladesh (11%), lebanon (20%!
