Countries that became part of the European Union in 2004 had high labor and production costs and therefore were not targeted for new DFI by MNCs that wanted to reduce manufacturing costs.

Question

Quizplus · Accepted Answer

Countries that joined the EU in 2004, also known as the Eastern European countries, were actually targeted by MNCs due to their lower labor and production costs compared to other EU countries. This was one of the factors that contributed to their rapid economic growth after joining the EU.

Countries That Became Part of the European Union in 2004