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Peer reviewedHanson, John R., II – Journal of Economic Education, 1995
Contends that it is widely believed that cheap labor in poor countries attracts foreign investors. Asserts that historical evidence indicates that past patterns of direct foreign investment in poor countries are inconsistent with the cheap-labor argument. Includes two figures and one table. (CFR)
Descriptors: Capitalism, Developed Nations, Developing Nations, Economic Change
