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Tuesday, 1 October 2013

Unit 3: Monopsony Power in Qatar

A deeply troubling report featured here in the Guardian. Qatar, one of the richest countries on the planet, will be hosting the World Cup in 2022. But much of the Gulf state's expansion is being built by some of the poorest migrant workers in the world. In the worst cases, employees are not being paid and work in conditions of forced labour. Thousands of workers from Nepal are trapped in jobs and wages very different to what they were promised.

Thank you Klaus...I have updated the post to include Dubai workers clip as well.




Related Exam questions:

1 In August 2009 the Competition Commission published a Groceries Supply Code of
Practice. Large supermarket chains were paying very low prices to some suppliers.
Which type of market power does this suggest the large supermarket chains have?
(1)

A Monopsony
B Monopolistic competitive
C Perfectly competitive
D Natural monopoly

E Competitive monopoly




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