QUESTION THREE Read the extract below and answer the questions that follow: Migrant workers boost national...
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QUESTION THREE Read the extract below and answer the questions that follow: Migrant workers boost national economy While improving their livelihood, Cambodian migrant workers, including those in the Republic of Korea (Rok), have significantly contributed to boosting the national economy. The note was highlighted by Ith Samheng, Minister of Labour and Vocational Training while presiding over the celebration of Khmer New Year "Moha Sankrata" in Uijeongbu, Rok on April 16. Cambodian workers have managed to send an average of $1,000 a month to their families and generate nearly $600 million annually towards the national income, emphasised Samheng. The minister was positive that after completing their work mandate in S. Korea, Cambodian workers will get new skills, knowledge, resources and experience for their work back in Cambodia. Cambodian workers are also a bridge to attract more direct investment from S. Korea through their honesty and hard work, he said. [35] Samheng underlined the effort of the Royal Government of Cambodia and the Ministry of Labour and Vocational Training in strengthening bilateral cooperation with the South Korean side to increase employment opportunities and provide vocational training for Cambodian migrant workers. The two also worked to promote the protection of labour rights, ensure public services to the workers, and establish Khmer pagodas and cultural centres for the workers. Source: https://www.khmertimeskh.com/501274997/migrant-workers-boost-national-economy/ Questions: 3.1 3.2 3.3 Evaluate national income as a measure of economic growth. "Migrant workers boosting national economy as national income increases" With reference to this statement, evaluate the impact that the increase in migrant workers could have on labour markets and the economy of the country. Evaluate the economic impact of government increasing the minimum wage. (15) (10) (10) QUESTION THREE Read the extract below and answer the questions that follow: Migrant workers boost national economy While improving their livelihood, Cambodian migrant workers, including those in the Republic of Korea (Rok), have significantly contributed to boosting the national economy. The note was highlighted by Ith Samheng, Minister of Labour and Vocational Training while presiding over the celebration of Khmer New Year "Moha Sankrata" in Uijeongbu, Rok on April 16. Cambodian workers have managed to send an average of $1,000 a month to their families and generate nearly $600 million annually towards the national income, emphasised Samheng. The minister was positive that after completing their work mandate in S. Korea, Cambodian workers will get new skills, knowledge, resources and experience for their work back in Cambodia. Cambodian workers are also a bridge to attract more direct investment from S. Korea through their honesty and hard work, he said. [35] Samheng underlined the effort of the Royal Government of Cambodia and the Ministry of Labour and Vocational Training in strengthening bilateral cooperation with the South Korean side to increase employment opportunities and provide vocational training for Cambodian migrant workers. The two also worked to promote the protection of labour rights, ensure public services to the workers, and establish Khmer pagodas and cultural centres for the workers. Source: https://www.khmertimeskh.com/501274997/migrant-workers-boost-national-economy/ Questions: 3.1 3.2 3.3 Evaluate national income as a measure of economic growth. "Migrant workers boosting national economy as national income increases" With reference to this statement, evaluate the impact that the increase in migrant workers could have on labour markets and the economy of the country. Evaluate the economic impact of government increasing the minimum wage. (15) (10) (10)
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31 National income is commonly used as a measure of economic growth because it provides an indication of the total income generated within a countrys borders over a specific period It is typically mea... View the full answer
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International Marketing And Export Management
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Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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