Adam Smith well perceives this himself when he states, 'the necessaries of life of the lowest members of society are a product of jointLabour and of the co-operation of a number of individuals.
The presence of multinationals also helps to develop a country's pool of skilled Labour and, when they operate in joint ventures, to disseminate new technology and ideas.
Honda's auto assembly lines run by its Chinese joint venture Guangqi Honda Automobile have been stalled several times in recent weeks because of Labour disputes at its parts manufacturers.