The global production system arose because of ______.
A) the growth of export manufacturing and labor-intensive activities in the East Asian region
B) the lack of tax incentives in East Asia
C) increasing interest in globalized goods
D) decreasing balance of payments

Question

Quizplus · Accepted Answer

The global production system emerged as a result of the growth of export manufacturing and labor-intensive activities in the East Asian region, particularly in countries such as China, Vietnam, and Thailand. These countries provided a low-cost manufacturing environment with favorable labor conditions and minimal government regulations, making them attractive locations for foreign firms to set up production bases. This led to the creation of a global network of interconnected production processes and supply chains, which allowed firms to tap into the advantages of multiple countries to produce goods and services.

The Global Production System Arose Because of ______