In modern times, it is not a country per se but rather a controller of capital and know-how that gives the country in which it is domiciled a comparative advantage over another country. These controllers of capital and technology are
A)the state.
B)the multinational corporations (MNCs).
C)portfolio managers of international mutual funds.
D)none of the above

Question

Quizplus · Accepted Answer

Multinational corporations (MNCs) control a significant portion of capital and technology, giving their home country a comparative advantage. Moreover, MNCs have extensive global networks, enabling them to coordinate activities in different countries and leverage economies of scale. State and international mutual funds may also influence the economy, but their impact on international competitiveness is not as significant as MNCs. Therefore, B is the best choice.

In Modern Times, It Is Not a Country Per Se