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Higher Wages and Improved Benefits for Workers in Core Nations

question 13

True/False

Higher wages and improved benefits for workers in core nations is possible because added surplus from the periphery enables companies to maintain high profit margins.

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Definitions:

Codetermination

A practice where workers have a role in company management decisions, typically through participation on corporate boards.

Expatriate Manager

A manager who is working in a country different from their native country, often for a predetermined period.

Multinational Corporations

Companies that operate in multiple countries, often managing production or delivering services in more than one country.

Global Corporations

Large companies that operate and provide goods or services in multiple countries beyond their home country.

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