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These are companies that are active beyond the borders of their headquarters’ countries, in the other countries and produce or invest there.
Their financial strength may even surpass whole states, they control about one-third of world trade.
These countries have an efficient economic system and therefore are characterized by a high per capita income and level of technology.
Unions are usually prohibited in these countries, there is usually no right to strike and no environmental regulations.
Often abbreviated to multinationals, or also called global players.
Multinational companies increasingly move their production to these countries.
Low-wage countries are countries whose economic power is largely based on low-wage workers, in addition, these countries are characterized by low levels of education, high unemployment and a lack of social standards.