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Because most developing countries have weak domestic industries they do not benefit from what?
Wiki User
∙ 15y ago
Free-trade policies
Wiki User
∙ 15y ago
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Why is it important that middle eastern countries export oil?
Industries can not run without oil and gas and if industries can not run then the country will export less so the economy of the country will be down and the country will have to face many difficulties.
Why did Pakistan join Non Aligned Movement?
Pakistan joined the Non-Aligned Movement because it represented the common interests of of the newly-independent developing countries.
Why did the Americans colonies have few industries?
The middle colonies had few industries because the British government limited manufacturing in the colonies.
How do silk weaving develop in the byzantine empire?
the major silk indutries. Also because travelers traveled and smuggled silkworm eggs from China(who found the secret on how to make silk). They then grew their own silkworms which made silk and they tried to prevent other countries from finding and developing the secret to making silk. Silk making then became a major industry in the empire, making the empire rich. I like noodles
Why is Portugal the most western country in Europe?
Portugal became one of the richest countries in the western world because of the many countries that they were able to colonize during the prehistoric times. They would get raw materials for their industries from their colonies and use them to develop their country. Portugal is also a peaceful country that would harbor rich immigrants.
Because most developing countries have weak domestic industries the do not benefit from what?
free-trade policies
Why don't developing countries usally benefit from free trade policies?
Many developing countries do not benefit from free trade policies, because their industries are to weak to compete in the international market.
Why do developing countries not usually benefit from free trade?
Their industries are too weak to compete in the international market.
What is import substitution?
The import substitution strategy has certain strong points: Firstly, in developing countries there are always large domestic markets for manufactured goods, so developing an import subsitution industry involves a low degree of risk. Secondly, for developing countries, to protect local industries against foreign competition is easier than forcing developed countries to lift trade barriers against manufactured goods from developing countries. However, this strategy also meets with difficulties: Firstly, bad management and technology, and protectionism usually lead to low product quality and high production cost because of a lack of improvements. So it's difficult to require local industries to supply high-quality substitutes for imports. Moreover, in small countries with small domestic industries, carrying out the import substitution strategy is no easy task. Secondly, a lack of capital and new technology has made local industries failed to meet diversified tastes of customers, and has made imported goods cheaper than locally-made counterparts. The export-oriented strategy also has both the pros and cons. In developing countries, low personal income makes the domestic market less attractive, so aiming at larger foreign markets seems to be a good solution which could help to: (1) create more jobs and stabilize socio-political life, and (2) bring in more foreign exchange needed for importing new technologies and increasing manufacturing output. However, countries adopting this strategy meet with a lot of difficulties in gaining a foothold in the world market which is relatively stable and is controlled by more reliable suppliers from developed countries. In addition, developed countries are experts in protecting their labor-intensive industries against products from developing countries with better comparative advantages.
What is the importance of food substitution?
The import substitution strategy has certain strong points: Firstly, in developing countries there are always large domestic markets for manufactured goods, so developing an import subsitution industry involves a low degree of risk. Secondly, for developing countries, to protect local industries against foreign competition is easier than forcing developed countries to lift trade barriers against manufactured goods from developing countries. However, this strategy also meets with difficulties: Firstly, bad management and technology, and protectionism usually lead to low product quality and high production cost because of a lack of improvements. So it's difficult to require local industries to supply high-quality substitutes for imports. Moreover, in small countries with small domestic industries, carrying out the import substitution strategy is no easy task. Secondly, a lack of capital and new technology has made local industries failed to meet diversified tastes of customers, and has made imported goods cheaper than locally-made counterparts. The export-oriented strategy also has both the pros and cons. In developing countries, low personal income makes the domestic market less attractive, so aiming at larger foreign markets seems to be a good solution which could help to: (1) create more jobs and stabilize socio-political life, and (2) bring in more foreign exchange needed for importing new technologies and increasing manufacturing output. However, countries adopting this strategy meet with a lot of difficulties in gaining a foothold in the world market which is relatively stable and is controlled by more reliable suppliers from developed countries. In addition, developed countries are experts in protecting their labor-intensive industries against products from developing countries with better comparative advantages. prepared by.Shakir munhakkal
Why did colonial power seem to neglect the development of Asian countries in 1900?
Few countries had important industries, a most produced raw materials which were later processed in the west. But colonial powers seemed to neglect developing industry in Asia because there were many other countries in the world which were having much more industries and they were much better.
What are the challenges of using the Internet in developing countries?
Using the Internet in developing countries is greatly hampered by the high degree of poverty in developing countries. Not many people can access the Internet because it is expensive.
Is Peru an underdeveloped country?
Peru is a currently a "developing" nation. It's industries are developing and expanding. Where the borderline between developed and developing is difficult to deduce, but according to the statistics, Peru is developing and not yet developed.
What do you notice about the population growth rate of the developing countries?
population growths in developing countries are higher than developed countries because developed countries have an increased income and prefer not to have children.
Why developing countries prefers direct foreign investment in other developing countries?
because they have no sufficient amount of capital that they can invest in various way of the country.
Why developing countries were named in this name?
because there still developing houses vaccines ways of life etc
Why is there a high population in developing countries?
because of the availability of everything. food, jobs, health, education. everything.
