Given their low per capita income, why should companies be interested in developing countries?
What will be an ideal response?
Although an individual country may not provide adequate potential for U.S. corporations, developing countries as a group constitute a major market. In 1992, over one-fourth of U.S. trade was with developing countries. In future years, the flow of U.S. trade with developing countries should increase. An Organization of Economic Cooperation and Development (OECD) study showed that in 1970 OECD countries, with just 20 percent of the world’s people, had 83 percent of the world’s trade in manufactures; whereas developing countries, with 70 percent of the world’s people, captured 11 percent of the trade. In the year 2000, however, it is estimated that OECD countries, with 15 percent of the population, will have 63 percent of the world’s trade in manufactures, while developing countries, with 78 percent of the population, will account for 28 percent of world trade.
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