Answer:
(a)
Developed countries want developing countries to liberalise their trade and
investment because the MNCs belonging to the developed countries can then set
up their manufacturing centres in less-expensive developing nations by
investing there, thereby lowering their manufacturing costs. This will increase
their profits.
In my opinion, the developing countries should demand, in return, for
some manner of protection of domestic producers against competition from
imports from the developed countries which are subsidised by them. Also, some
additional charges should be levied on MNCs looking to set up base in
developing nations.
(b) From the given question I have learnt the value of continuous
development along with implementation of welfare policies for workers.
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