India and the Philippines consistently attract sizeable amounts of foreign investment for services performed in the domestic market and sold internationally. What is the main reason for this foreign interest?
A) These countries have outstanding infrastructure, with world-class transportation and power-supply facilities.
B) The average income of consumers in these nations is among the highest in the world, so these markets have a lot of potential.
C) The dollar's value is higher in the Asian market than in the Canadian market.
D) These nations have large numbers of highly educated workers who are paid much less than Canadian workers.

Question

Quizplus · Accepted Answer

The main reason for the foreign interest in India and the Philippines is their large numbers of highly educated workers who are paid much less than Canadian workers. This makes these countries attractive destinations for outsourcing of services, such as IT and customer support, which can be performed remotely and sold internationally. The other options such as outstanding infrastructure, high income of consumers, and the value of the dollar do not fully explain the foreign interest in these countries.

India and the Philippines Consistently Attract Sizeable Amounts of Foreign