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Q: How have the nations of developing world tried to build better lives of there people?
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Why is it difficult for developing nations to establish industrial economies?

If a nation is developing they need to build up the country. There are more rural areas without advanced technology to mass produce products. Most developed nations have more industrial economies because they have the money and resources to do so.


What is A major goal of many African nations is to build and produce goods for their own use?

According to experts, a major goal of many African nations is to build their own industries and produce goods for their own use.


A major goal of many African nations is to build and produce goods for their own use?

factories


What is better trade vs aid?

For developing nations a little bit of both is needed but especially trade. Let us assume the country in need is X Trade is better because trade will help the economy of X in many different ways, trade will increase the exports of X which will in turn help create jobs and these jobs will generate and income. Eventually part of these incomes will be saved and domestic investment will rise leading to growth (repeats its self) . Other than the living standards of the people of X increasing the firms in X will also gain experience and become more efficiant and will grow, this will create political stability as well. Aid on the other hand is usefull, aid in the form of capital or funds to create infarstructure in donor nations are very helpfull indeed. However, It can create high levels of inflation (if the aid is used to fund the current account budget deffict)it can cause the nations to become heavily dependent on foreign aid, aid does not create a sustainable growth or development (the country may be able to spend on development only as long as the aid comes in.)it will also depress the prices in the domestic market of X ( large amounts of aid will bring prices down in X and this will cause further problems) Aid will also bring about social problems like general idleness. Tied aid (aid with certain conditions ) will limit the sovergnity of nations like X and could cause resentment. Most developing nations like X don't have the necessary funds to build good infarstructure thus aid could help create the infarstructure necessary to build up the economy and from there onwards through trade donor nations can open up their markets for imports from X which will help it further in terms of developing an export market (firms capable of competing in the international market) and diversification of the economy, achiving growth and development. It is said that if rich nations opened up their economies to poorer nations they could drastically cut down on the aid necessary to help them.


What is the aims for rdp housing?

to provide proper service delivery to the people to make a better life for all

Related questions

Why is it difficult for developing nations to establish industrial economies?

If a nation is developing they need to build up the country. There are more rural areas without advanced technology to mass produce products. Most developed nations have more industrial economies because they have the money and resources to do so.


Which of these communist nations is currently attempting to build nuclear weapons despite restrictions by the UN?

North Korea already has the nuclear weapons, it is delivery vehicles it is developing.


What was the Russian role in developing Canada?

Because they wanted to build more city's for people to live in


What do we call a nations tendency to build up an enormous military force and acquire new and better weapons?

Militarism.


Which is better webkinz or build a bear?

Webkinz is WAY better. I think most people can agree.


Why did people build Jamestown?

To live a better life than england


What have people learned from the sinking of the titanic?

to build ships better o.o


How did European nations build empires in South Asia?

European nations brought warships and armies to build empires in South Asia.


How can a minor crisis between two nations end up in a European war?

The 2 nations build up allies and then the crisis becomes greater as more people are involved in it.


How can you build a better healthier friendship with people?

by not lieing and understand them the best u can


Why do people invent?

People invent to build us a better planet, to help others, to gain money, to make life easier faster and better.


Is it better to vaccinate people or to wait until they build their own immunity?

Obviously vaccinate. Because some people won't build their immunity early enough.Meaning they die.