Beginning in the 1970s, European and Japanese firms began to shift lab

QUESTION

Beginning in the 1970s, European and Japanese firms began to shift labor-intensive manufacturing operations from developing nations to their home countries where labor costs were lower.

Indicate whether the statement is true or false.

ANSWER

FALSE
Beginning in the 1970s, European and Japanese firms began to shift labor-intensive manufacturing operations from their home markets to developing nations where labor costs were lower.