It is often seen that many developed nations are becoming wealthier, while developing nations are getting poorer. The primary reason for this trend is the establishment of multinational companies from developed word to these poor nations, and the most viable solution is to regulate the employment wages in poorer countries.
Many business corporations from rich countries are setting up their industrial factories in underdeveloped nations is the main reason for this disparity between nations. This is because individuals in impoverished nations are willing to work for less salaries, therefore, the business would be more lucrative than their country of origin. When they export this money to their home country, the richest nation would improve their wealth and the poor nations would remain the same. For example, Apple company built their industries in China that increased their annual profit by almost 50%, and this money transfer to home country made the nation even richer.
To tackle this problem the government should regulate the salary of people in developing nations. In other words, if the employees in the poor countries were able to receive remuneration which was compared to the companies’ country of origin in relation to the cost of living, then more money would stay in poorer countries that eventually improve the status of that nation. For instance, Ireland after joined with EU nations in 1980s’, they remarkably increased their wealth through a similar initiative and now they are one among the richest nations in the world.
In conclusion, the major reason for the increased disparity between nations is many industries from developing world start their business in impoverished nations, and an appointment solution for this predicament is to adjust the salary of people in developing nations proportionate with the home country.
It is
often
seen
that
many
developed
nations
are becoming wealthier, while
developing
nations
are getting poorer. The primary reason for this trend is the establishment of multinational
companies
from developed word to these poor
nations
, and the most viable solution is to regulate the employment wages in poorer countries.
Many
business corporations from rich
countries
are setting up their industrial factories in underdeveloped
nations
is the main reason for this disparity between
nations
. This is
because
individuals in impoverished
nations
are willing to work for
less
salaries,
therefore
, the business would be more lucrative than their
country
of origin. When they export this money to their home
country
, the richest
nation
would
improve
their wealth and the poor
nations
would remain the same.
For example
, Apple
company
built their industries in China that increased their annual profit by almost 50%, and this money transfer to home
country
made the
nation
even richer.
To tackle this problem the
government
should regulate the salary of
people
in
developing
nations
.
In other words
, if the employees in the poor
countries
were able to receive remuneration which
was compared
to the
companies
’
country
of origin in relation to the cost of living, then more money would stay in poorer
countries
that
eventually
improve
the status of that
nation
.
For instance
, Ireland after
joined
with EU
nations
in 1980s
’, they
remarkably
increased their wealth through a similar initiative and
now
they are one among the richest
nations
in the world.
In conclusion
, the major reason for the increased disparity between
nations
is
many
industries from
developing
world
start
their business in impoverished
nations
, and an appointment solution for this predicament is to adjust the salary of
people
in
developing
nations
proportionate with the home
country
.