Developing countries often face challenges in producing capital due to limited access to financial resources, inadequate infrastructure, and a lack of skilled labor. Political instability and corruption can deter investment, while high levels of poverty restrict domestic savings. Additionally, reliance on foreign aid and investment can hinder local capital formation, as it may discourage entrepreneurship and innovation. These factors collectively create an environment where capital accumulation is significantly stifled.
2007/08ProductionMillion TonsExportsMillion TonsPopulationMillionsPer Capita Consumption KgsBrazil31.35520.95719058India28.8043.29811720EU17.5671.40049034China14.674-31411Thailand8.0335.2886536United States7.701-30129Mexico5.9780.35010752SADC5.8342.41015722Australia5.0133.7502047Pakistan4.891-16525
Simple answer: the Hecksler-Ohlin model of trade describes that countries, as they specialise in goods in which they possess comparative advantage, devote labour/capital to that good. In this case, other goods are pushed out of the market as the dominant input (labour or capital) in the advantaged good rises in price. I.e.) China specialises in manufacturing; manfacturing is labour-intensive. Labour and capital shift to manufacturing. The price of the two rises, pushing other goods out of the market, especially capital-heavy goods (since labour is needed in manufacturing). In general, many countries specialise in a good because they possess plentiful inputs needed for that good. I.e.) The U.S. has a lot of capital. Therefore, capital has more competition and is cheaper to access. Capital-intensive goods are cheaper to produce, and so more capital-intensive goods are produced with higher profit-margins.
Those are called exports. Every country has different goods that they produce and export to other countries.
lopol
Two countries can benefit from trading two goods when each country specializes in producing the good it can produce most efficiently, and then trades with the other country for the good it cannot produce as efficiently. This allows both countries to maximize their resources and benefit from the trade.
small countries such as Singapore
The Western countries produce the large quantity of Sternum.
the country that produces polyester is Asia.
US & India
The characteristics' of developing countries are economic growth ,and culture because the culture is the type of behavior or such as traits by what you might be living or learning. Economic growth is the population of peoples, animals, or plants that are gaining a role a(n) important cycle in peoples or animals lifes. Also, Economic growth has something to do with the "adaptations."
Spain, France, the USA.
Many modern countries produce them
2007/08ProductionMillion TonsExportsMillion TonsPopulationMillionsPer Capita Consumption KgsBrazil31.35520.95719058India28.8043.29811720EU17.5671.40049034China14.674-31411Thailand8.0335.2886536United States7.701-30129Mexico5.9780.35010752SADC5.8342.41015722Australia5.0133.7502047Pakistan4.891-16525
Most countries produce lamb but WALES and NEW ZEALAND produce especially good lamb.
Simple answer: the Hecksler-Ohlin model of trade describes that countries, as they specialise in goods in which they possess comparative advantage, devote labour/capital to that good. In this case, other goods are pushed out of the market as the dominant input (labour or capital) in the advantaged good rises in price. I.e.) China specialises in manufacturing; manfacturing is labour-intensive. Labour and capital shift to manufacturing. The price of the two rises, pushing other goods out of the market, especially capital-heavy goods (since labour is needed in manufacturing). In general, many countries specialise in a good because they possess plentiful inputs needed for that good. I.e.) The U.S. has a lot of capital. Therefore, capital has more competition and is cheaper to access. Capital-intensive goods are cheaper to produce, and so more capital-intensive goods are produced with higher profit-margins.
Nigeria is an African country that has petroleum reserves.
Those are called exports. Every country has different goods that they produce and export to other countries.