Critics argue that open trade and foreign direct investment always take jobs from workers in developing economies and transfer them to workers in advanced industrial countries which leave the workers in the developing country,out of work.

Question

Quizplus · Accepted Answer

While it is true that open trade and foreign direct investment can lead to job displacement, it is not always the case that jobs are transferred from developing economies to advanced industrial countries. In fact, foreign direct investment can create jobs in developing economies by bringing in new technologies, knowledge, and capital. Additionally, open trade can lead to increased exports and economic growth in developing countries, which can in turn create employment opportunities. Therefore, it is not always accurate to say that open trade and foreign direct investment always take jobs from workers in developing economies.

Critics Argue That Open Trade and Foreign Direct Investment Always