Final answer:
Companies moved to emerging markets due to the shift from manufacturing to service industries, the force of globalization and increased competition from foreign producers, and a reduced desire for unions due to workplace protection laws.
Step-by-step explanation:
The factors that prompted companies to move to emerging markets around the world include:
- The shift from manufacturing to service industries: As companies transitioned from manufacturing-based industries to service-based industries, they sought to take advantage of the lower costs and market opportunities offered by emerging markets.
- The force of globalization and increased competition from foreign producers: With the onset of globalization, companies faced increased competition from foreign producers. Moving to emerging markets allowed them to reduce costs and stay competitive.
- A reduced desire for unions because of workplace protection laws: Emerging markets often have workplace protection laws in place that reduce the need for unions. This makes these markets attractive to companies looking to minimize labor costs.