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With the approval of the Malaysian government, the Swedish company IKEA, the world's largest retailer of home furnishings, has invested $106 million in Malaysia in
With the approval of the Malaysian government, the Swedish company IKEA, the world's largest retailer of home furnishings, has invested $106 million in Malaysia in the past three years. It now plans to open another large store in the country, employing 450 people, with expected sales of approximately $50 million in the first year. (a) Use multiplier analysis to explain what effect this investment might have on the Malaysian national income. [10] (b) Discuss whether the activities of multi-national companies are always beneficial.
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