Actually industries in developed and under -developed nations are beginning to look similar. This revolves around the fact that all nations recognize the value in developing high technology industries. The difference here, however, is that the developed nations have their own home grown high technology companies and underdeveloped nations are bringing in high technology companies from developed nations to help them by forming technology industries. This involves software development and Internet based industries.
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.
In the twentieth century, independence movements and decolonization changed the world's political boundaries and new nations were formed
In the twentieth century, independence movements and decolonization changed the world's political boundaries and new nations were formed
france and japan
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Their economies remained rooted in agriculture.
Germany was viewed as one of the world's most advanced and developed nations at the turn of the century due to their rapid growth militarily, economically, and research fields. They were challenging many of the other European powers at the time, including Britain and France.
outsourcing replaces workers in developed nations with workers in developing nations
Because most of the developed nations of the world are highly industrialized
outsourcing replaces workers in developed nations with workers in developing nations
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.