According to the new international division of labor theory,"______________" is the term used to refer to industries in which large retailers,brand-name merchandisers,and trading companies set up decentralized production networks in various middle- and low-income countries.
A)transnational-driven commodity chains
B)buyer-driven commodity chains
C)individually-driven commodity chains
D)producer-driven commodity chains

Question

Quizplus · Accepted Answer

Buyer-driven commodity chains refer to industries where large retailers, brand-name merchandisers, and trading companies set up decentralized production networks in various middle- and low-income countries. This is in contrast to producer-driven commodity chains, where multinational corporations control the production process and set up facilities in various countries to ensure efficiency and cost-effectiveness. Transnational-driven and individually-driven commodity chains are not recognized terms within the new international division of labor theory.

According to the New International Division of Labor Theory,"______________" Is