"Given our wage costs relative to those in the Asian newly industrialized economies in China and in Mexico, it does not make sense to try and compete on the basis of restraining labour costs. Rather we should concentrate on other ways of competing, including the development of market niches that involve a high-wage, high-value added strategy." Discuss. use a graph.****

The logic of service outsourcing - The Ricardian model It is sometimes argued in editorials or TV commentaries that the modern wave of outsourcing, especially outsourcing of services to Pakistan, defies the logic of the Ricardian model. Let’s examine if this is actually the case.   The following table presents information on labor productivity in computer component production and call center services in Canada and Pakistan. Assume that Canada has an absolute advantage in both.   To complete the following table, choose the number of calls that would be most plausible and consistent with the reality of outsourcing services to Pakistan, and indicate the good in which each country has a comparative advantage.   Production per Employee Production per Employee     Computer Components Call Center Services   Country (Units per hour) (Phone calls per hour) Comparative Advantage Canada 18 9 _____ (Call Center Services / Computer Components Production)…

Why would multinational corporations from the U.S. be interested in emerging and developing markets (e.g. Latin America, Africa, Central and Southeast Asia)? Would MNCs be better off focusing their efforts on more industrialized markets (US, Canada, western Europe, Australia, Japan)? Explain?

From 1865-1900, the U.S. exploded onto the world stage as a true industrial power. A number of things contributed to the boom, but one of the biggest reasons was the flood of immigrants that entered the U.S. between 1880 and 1910. Why did these immigrants come to the U.S.? How did they enter the U.S.? In what sort of conditions did they live and work? How did other Americans react to them? Most importantly, explain the impact immigration had on the U.S. as a whole in this time period