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Effect of Low Unemployment on Multinational Companies
Singapore is usually ranked as one of the best countries in which to do business. It is an open economy engaging in free trade. It has a history of strong entrepreneurship, low unemployment, low average costs and relatively low tax rates. Its example may encourage other countries to remove trade restrictions.
Discuss whether low unemployment in a country will encourage multinational companies (MNCs) to set up there. [8]
Unemployment
[CIE O level November 2017]