In the past, Canada manufactured clothes. Many clothing corporations have shut down their Canadian factories and relocated to China. This is an example of __________.Question 17Select one:a.Conflict theoryb.OECDc.Global inequalityd.Capital flight
Question
In the past, Canada manufactured clothes. Many clothing corporations have shut down their Canadian factories and relocated to China. This is an example of __________.Question 17Select one:a.Conflict theoryb.OECDc.Global inequalityd.Capital flight
Solution
This situation can be seen as an example of "capital flight." Capital flight refers to the movement of financial resources, such as investments and businesses, from one country to another. In this case, the clothing corporations have shut down their Canadian factories and relocated to China, indicating a shift of capital and manufacturing operations from Canada to China. This relocation is often driven by factors such as lower labor costs, access to larger markets, and more favorable business environments in the destination country.
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