It has been suggested that in the last 20 years countries like Australia and New Zealand have moved much of their low-technology manufacturing, which is labour intensive, to less developed economies such as Vietnam, Cambodia, and China.What is this process being labelled as?
A) Deregulation
B) Globalisation
C) Hollowing out effect
D) Privatisation
E) Economies of scale effect
Correct Answer:
Verified
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