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There's been an increase in energy usage, causing higher prices

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As previously underdeveloped nations begin to compete in the global market, which of the following has occurred?

increase in energy usage, causing higher prices


What is a underdeveloped nation?

An underdeveloped nation, often referred to as a developing or least developed country, typically lacks advanced industrialization, high levels of income, and adequate infrastructure. These nations often struggle with poverty, limited access to education and healthcare, and lower standards of living. Economic activities are often predominantly agricultural, and there may be significant reliance on foreign aid or investment for growth and development. Overall, underdeveloped nations face numerous challenges in improving their socio-economic conditions.


What have many economists determined are the results to an underdeveloped when direct foreign investments are directed to developing high technology products?

Economic studies have determined that direct foreign investments in underdeveloped nations towards creating a higher level of technology have not significantly affected either domestic innovation or imitation within the poorer nation's economy.


If free trade will benefit all nations in the long run why do nations so often establish barriers like tariffs to make free trade impossible?

Because free trade will not benefit all nations equally.It is not possible for all nations to compete in international trade with equality in a free market because resources are not distributed equally.


How did their status as colonies of European powers have an effect on the development of many less developed countries?

Countries that were colonized by European nations had the benefit of a military presence that less developed nations did not have access to. However, these same nations had to fight for independence from the colonizing nation to benefit from the resources that were previously taken away and sent to the homeland.

Related Questions

As previously underdeveloped nations begin to compete in the global market, which of the following has occurred?

increase in energy usage, causing higher prices


Why is africa a underdeveloped country?

Africa is not a country, but a Continent and is comprised of many different nations. Some are underdeveloped while others are not.


How many different nations are compete in Olympics 2012 200m?

how many different nations are compete in Olympics 200m


What is the name of the encyclical in which pope paul VI urged developed nations to help underdeveloped nations?

It was pope pias XI


What is the difference between a developed and an underdeveloped nation?

Developed nations have a high standard of living, advanced infrastructure, and a strong economy, while underdeveloped nations often face poverty, inadequate infrastructure, and limited access to resources and services. Developed nations typically have higher levels of education, healthcare, and technology, while underdeveloped nations may struggle with issues like food insecurity, low life expectancy, and political instability.


What is the difference between developed nations policy and underdeveloped countries policy?

the ability to organize.


How many countries are in the 2014 Olympics?

88 nations were qualified to compete. 6 more nations than the 2010 Olympics.


What is one way that underdeveloped nations can increase growth in Gross Domestic Product?

Studies conducted by economists at the Federal Reserve Bank of New York indicate that under developed nations can benefit and increase their GDP by importing high technology products from developed nations. As a whole, trade between less developed nations and underdeveloped ones, have resulted in economic benefits for less developed nations.


What countries compete at the Commonwealth Games?

The Countries that are members of the Commonwealth of Nations can compete in the Commonwealth Games.


How many nations will compete in the 2008 Beijing olympic games?

approximately 152 nations


Why did eupeon nations compete for colonies in the Americas?

nationalism


Why do you have the world cup?

Because all nations can then compete for it.