Based on the new international division of labor theory,______________chains is the term used to describe industries in which transnational corporations play a central part in controlling the production process.
A)producer-driven commodity
B)buyer-driven commodity
C)individually-driven commodity
D)transnational-driven commodity

Question

Quizplus · Accepted Answer

The new international division of labor theory highlights the role of transnational corporations in controlling the production process of industries. In producer-driven commodity chains, the production process is coordinated and controlled by large corporations, who often own the technology and design of the products being produced. This allows them to exert significant control and influence over the entire chain, from sourcing raw materials to marketing the finished product. Buyer-driven commodity chains, on the other hand, are characterized by retailers and consumers driving the production process, with less power held by the manufacturers or producers. Individually-driven and transnational-driven commodity chains are not commonly used terms in the context of the new international division of labor theory.

Based on the New International Division of Labor Theory,______________chains Is