How Rich Companies Benefit from the Developing Countries

This paper explains how companies from the developed countries are able to benefit from their relationships with developing countries. To understand this, it is important to know that most of the production in today's globalized world comes from developing countries. This means that products are made cheaply and quickly in these places due to the lack of regulation and taxes. It also means that they can be bought for less money than if they were made elsewhere, such as in Europe or North America.

This creates a great opportunity for rich companies, which can take advantage of this cheaper labor by outsourcing jobs and operations to those parts of the world. In addition, some even go so far as to set up subsidiaries in these countries, giving them access to local markets where they can sell their products at even lower prices.

At the same time, companies from the developed countries can also benefit from their relationships with developing nations in other ways. They often provide training and education to workers who may not have had access to it before. This allows them to increase their productivity and make more money for their company, as well as helping those individuals build better lives for themselves.

Finally, many of these companies are able to gain access to raw materials such as minerals or oil that would otherwise be too expensive if bought domestically. Developing countries often have large reserves of these resources that they can offer at a much lower price than if they were purchased elsewhere. This lowers production costs significantly, increasing profits while still providing necessary resources.

In conclusion, it is clear that rich companies have the ability to benefit greatly from their relationships with developing countries. They can take advantage of cheaper labor, access new markets, provide training and education, as well as gain access to raw materials. As such, it is important for these companies to consider how they can use these opportunities in order to succeed in a global economy.