answersLogoWhite

0

Resources from developing countries are often essential due to their rich deposits of raw materials, such as minerals, agricultural products, and energy sources, which are critical for global industries. These resources can help meet the demands of growing economies and support technological advancements. Additionally, sourcing from these regions can often be more cost-effective, though it raises ethical considerations regarding fair trade practices and environmental sustainability. Balancing these needs with social responsibility is crucial for sustainable development.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Continue Learning about Economics

How many countries need help with money?

Many countries to, those are called 'third world countries'. There are a lot of them.


Why do countries need to trade?

Countries need to trade because they do not have all of the resources they need to survive. Countries also gain by trading what they have in surplus.


How do corporations increase their profits?

the majority of corporations increase their profits by any means that includes breaking human rights laws paying people lower wages and getting things that they need made cheaper in third world countries.


What is the significance of developed countries using RD world countries resources?

The significance of developed countries using resources from developing (RD) countries lies in the economic dynamics and power imbalances it creates. This resource extraction often leads to wealth accumulation in developed nations while contributing to environmental degradation and social inequalities in RD countries. Additionally, it can hinder local development by prioritizing foreign interests over local needs, perpetuating a cycle of dependency. Ultimately, this relationship highlights the need for more equitable resource management and fair trade practices.


Why is trade so important around the world?

Tade is so important aaround the world because ohter countries have unqui goods that other countries don't have. For example silk is very important to some countries to make clothing or other stuff, for that is why we need trade because some countries might like silk to produce stuff.

Related Questions

How many countries need help with money?

Many countries to, those are called 'third world countries'. There are a lot of them.


Why do countries need to trade?

Countries need to trade because they do not have all of the resources they need to survive. Countries also gain by trading what they have in surplus.


Why did countries imperialize other countries?

because they need to take their natural resources


Why were European countries interested in china and India in the 1400s?

The Europeans were interest in China for their resources. China is one of the largest countries in the world with vast and diverse resources.


Why are some countries underdeveloped?

There are often many factors, especially lack of natural resources for a prosperous society to be built upon (rich soil for crops, grazing land for cattle, etc). The biggest factor might be past western colonization. I guess they need another 100 years to get back on track alright. That must be the answer.


Who works in sweatshops?

Any people who need pay and are willing to work for it. Some examples are illegal immigrants and poor people in third world countries.


How can you counter the argument that Rostow's model of development is irrelevant to third world countries?

well i think this model really addresses growth and not development. you need to ask yourself whether economic growth equates development. the third world in its developing state may not necessarily develop in the linear manner as suggested in this model. further, many of the third world countries are dependent on the first world so any form of economic growth usually does not translate into development as most of the money leaves these countries to support the economies of the north.


What problems face many countries in developing today?

The need for resources.


What is a daily ration?

The amount of food you need to live for a day. You receive daily rations in places like the military or third world countries or homeless shelters.


What is the website in which you can find all the catholic schools in the world?

There is no single source that covers the entire globe. Catholic schools are typically managed at the diocese or province level, so you would actually need to go to each diocese (and there are over 2,200 in the world) and see what they have listed. Some countries provide national resources that are delivered by third parties.


What resources does Germany need?

The same as other countries need food water weapons metal oil.


What might be a reason to buy cheap computers for third world countries?

One reason why one would buy a cheap computer from a third world country is for its parts. You can take the parts and re-use for other computers that may need replacing, or for re-selling.