Industry

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  • TNC's (transnational corporations) Moving in to LEDC's
    • Disadvatages
      • most profits go abroad, not re-invested
      • very few/no local people are employed
      • TNC can leave suddenly without a warning
      • levels of pay are lower
      • operations may cause environmental damage
      • raw materials not processed locally
    • Advatages
      • provides jobs
      • guaranteed income
      • improves skills
      • helps country develop (brings foreign currency)
      • development of infrastructure
      • increased employment
      • Increases demand for consumer goods and helps industries develop

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