If a country is seeking to attract foreign investment in the form of manufacturing related facilities, explain 3 things the government might do to increase the chances of this occurring
While there are a number of possible answers this question, some of the more basic answers discussed in the textbook include:
a . FTZs: Establishing Free Trade Zones
b. TRADE AGREEMENTS: Developing regional and/or international trade agreements with countries that routinely supply or purchase products or services from the country in question.
c. TARIFFS: Establishing import tariffs in the hopes that international manufacturers might hope to locate domestically in order to avoid the import tariffs.
d. LABOR: Creating laws that create a more competitive labor situation: reducing minimum wages, promoting right to work laws, improving the education and skill set of the labor force through government programs.
e. ENVIRONMENT: Creating laws that create a more competitive market in terms of environmental issues.
f. INFRASTRUCTURE: Developing the country's infrastructure: utility network, roads, ports, airports, pipelines.
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