Developed and developing nations both agree that low wage rates are legitimate competitive tools in the world marketplace

Question

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Developed and developing nations often have differing views on the use of low wage rates as competitive tools. Developed nations frequently criticize low wage rates in developing nations as unfair competition and a form of labor exploitation, while developing nations may view them as a necessary means to attract foreign investment and boost economic growth.

Developed and Developing Nations Both Agree That Low Wage Rates