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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
Download full textWerner, Heinz – 2001
In the 1960s, German industry experienced a greater need for labor. Recruitment agreements for "guestworkers" were concluded with a number of Mediterranean countries, with the opinion at the time being that temporary immigration would be in the interests of all involved: German firms would get cheap labor, the "guestworkers"…
Descriptors: Adults, Developed Nations, Employment Opportunities, Employment Patterns
