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Asked by Venkataramanaiah Last Modified
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The effect of decision to relocate production to Asian countries has led to the development of Asian countries as well as a profitable factor for the MNCs. It is so because locating of production unit is cheaper in Asian countries on comparing to others, which is a advantage for MNCs. On the other hand it will lead to development for the developing and under developed countries. Hence a benefactor for both.
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1)when the corn law abolishedfood could be vimported into britainmore cheaply than it could beproduce3d in the country.
2)british agriculture was unable to compete with imports.
3)vast areas of land were now left uncultivated and thousand of people thrown out of work.they flock to the cities or migrated overseas.
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