Firms in a developed country move routine assembly work to a lower-cost country and close factories in two regions.
| Region | Workers displaced by factory closures | Suitable local job vacancies available immediately |
|---|---|---|
| Northvale | 800 | 120 |
| Southford | 500 | 420 |
Using the data, explain which region's displaced workers are likely to experience the greater cost from this move.
49 exam-style questions on OCR GCSE Economics 4.4 Globalisation, covering 4.4.1 What is globalisation, 4.4.2 Measuring development, 4.4.3 Globalisation in developed countries, and 4.4.4 Globalisation in less developed countries. Each one has a worked solution and a mark scheme showing where the marks go.