The new international division of labor reflects the growing importance of

Name: The new international division of labor reflects the growing importance of
Brand: Quizplus
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Question

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The new international division of labor is characterized by the outsourcing of labor and production to countries where labor is cheaper. This reflects the growing importance of outsourcing as a strategy for companies to reduce costs and remain competitive in the global market.

The New International Division of Labor Reflects the Growing Importance